American Homes 4 Rent (NYSE:AMH) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 31.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,070 shares of the real estate investment trust’s stock after selling 64,902 shares during the period. Raymond James & Associates’ holdings in American Homes 4 Rent were worth $5,454,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMH. V Square Quantitative Management LLC increased its holdings in American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 period. Advisors Asset Management Inc. increased its holdings in American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 314 shares during the period. Creative Planning increased its holdings in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 330 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 357 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMH. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Mizuho increased 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. Evercore ISI dropped their price objective on American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday. The Goldman Sachs Group started coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Down 0.6 %

American Homes 4 Rent stock opened at $35.03 on Friday. The company has a current ratio of 0.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $38.75 and a two-hundred day moving average of $37.26. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 3.04 and a beta of 0.76. American Homes 4 Rent has a twelve month low of $33.34 and a twelve month high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s 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.