American Homes 4 Rent (NYSE:AMH) Short Interest Up 7.3% in August

American Homes 4 Rent (NYSE:AMH) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,310,000 shares, a growth of 7.3% from the August 15th total of 9,610,000 shares. Based on an average trading volume of 2,140,000 shares, the days-to-cover ratio is currently 4.8 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMH shares. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday. Barclays lowered their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Royal Bank of Canada lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Evercore ISI lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a report on Monday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 1.6 %

AMH traded down $0.63 during trading on Wednesday, reaching $39.66. 2,160,535 shares of the stock traded hands, compared to its average volume of 2,639,571. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The stock’s 50-day simple moving average is $38.07 and its two-hundred day simple moving average is $36.85.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. During the same period in the prior year, the firm earned $0.41 EPS. American Homes 4 Rent’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.26 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently made changes to their positions in AMH. V Square Quantitative Management LLC acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth about $32,000. Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth about $44,000. Opal Wealth Advisors LLC acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth about $54,000. GAMMA Investing LLC lifted its position in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.