American Homes 4 Rent (NYSE:AMH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in American Homes 4 Rent (NYSE:AMH) by 7.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 63,051 shares of the real estate investment trust’s stock after selling 4,953 shares during the quarter. Victory Capital Management Inc.’s holdings in American Homes 4 Rent were worth $2,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Aptus Capital Advisors LLC boosted its position in shares of American Homes 4 Rent by 15.4% during the third quarter. Aptus Capital Advisors LLC now owns 102,536 shares of the real estate investment trust’s stock worth $3,936,000 after buying an additional 13,649 shares during the period. Aigen Investment Management LP acquired a new position in American Homes 4 Rent during the 3rd quarter worth $552,000. Ashton Thomas Private Wealth LLC grew its stake in shares of American Homes 4 Rent by 21.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 65,025 shares of the real estate investment trust’s stock worth $2,496,000 after purchasing an additional 11,509 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of American Homes 4 Rent by 302.6% during the third quarter. GSA Capital Partners LLP now owns 32,122 shares of the real estate investment trust’s stock valued at $1,233,000 after purchasing an additional 24,143 shares during the period. Finally, Catalytic Wealth RIA LLC raised its stake in shares of American Homes 4 Rent by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 83,938 shares of the real estate investment trust’s stock valued at $3,222,000 after purchasing an additional 1,881 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Finally, Mizuho upped their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Up 0.1 %

American Homes 4 Rent stock opened at $37.66 on Monday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 3.25 and a beta of 0.77. The company has a 50 day moving average price of $37.91 and a 200 day moving average price of $37.43.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.76%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.