Kayne Anderson Rudnick Investment Management LLC Sells 854 Shares of American Homes 4 Rent (NYSE:AMH)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,921 shares of the real estate investment trust’s stock after selling 854 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in American Homes 4 Rent were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

AMH has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays decreased their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday. Finally, UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Performance

AMH opened at $39.96 on Tuesday. The company’s 50 day moving average is $38.34 and its 200 day moving average is $36.94. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued 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). The business had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

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. This represents a $1.04 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

About American Homes 4 Rent

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.