Tredje AP fonden Sells 799 Shares of American Homes 4 Rent (NYSE:AMH)

Tredje AP fonden trimmed its stake in shares of American Homes 4 Rent (NYSE:AMH) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,793 shares of the real estate investment trust’s stock after selling 799 shares during the period. Tredje AP fonden’s holdings in American Homes 4 Rent were worth $1,925,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AMH. GAMMA Investing LLC lifted its holdings in 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 buying an additional 302 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of American Homes 4 Rent by 12.5% during the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 314 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 357 shares during the last quarter. Quadrant Capital Group LLC increased its position in American Homes 4 Rent by 15.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 369 shares during the period. Finally, Atria Investments Inc raised its holdings in American Homes 4 Rent by 0.7% during the 1st quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock worth $2,651,000 after purchasing an additional 510 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH opened at $39.81 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $14.58 billion, a PE ratio of 40.62, a P/E/G ratio of 3.35 and a beta of 0.76. The stock has a 50 day simple moving average of $38.18 and a 200 day simple moving average of $36.89. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41.

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

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.61%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMH. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Evercore ISI raised their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price for the company. Royal Bank of Canada raised their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

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.