Ameritas Investment Partners Inc. Sells 1,553 Shares of American Homes 4 Rent (NYSE:AMH)

Ameritas Investment Partners Inc. lowered its stake in shares of American Homes 4 Rent (NYSE:AMH) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,447 shares of the real estate investment trust’s stock after selling 1,553 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in American Homes 4 Rent were worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. bought a new position in American Homes 4 Rent in the second quarter worth $44,000. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent in the second quarter worth $54,000. GAMMA Investing LLC lifted its position in American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 302 shares during the period. Finally, Quarry LP boosted its holdings in shares of American Homes 4 Rent by 216.3% during the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 1,315 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Scotiabank reissued an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Barclays dropped their target price 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Down 0.5 %

AMH opened at $39.62 on Friday. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 3.35 and a beta of 0.76. The firm has a 50 day moving average price of $38.26 and a 200-day moving average price of $36.91. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

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

American Homes 4 Rent Dividend Announcement

The company also recently announced 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 of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.62%. American Homes 4 Rent’s payout ratio is 106.12%.

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.