Adelante Capital Management LLC Decreases Stake in American Homes 4 Rent (NYSE:AMH)

Adelante Capital Management LLC reduced its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 33.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 837,195 shares of the real estate investment trust's stock after selling 422,611 shares during the quarter. American Homes 4 Rent makes up 1.5% of Adelante Capital Management LLC's investment portfolio, making the stock its 13th largest holding. Adelante Capital Management LLC owned 0.23% of American Homes 4 Rent worth $32,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of AMH. FMR LLC grew its stake in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock valued at $315,780,000 after purchasing an additional 937,116 shares during the period. Dimensional Fund Advisors LP grew its position in American Homes 4 Rent by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust's stock valued at $183,403,000 after buying an additional 334,358 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust's stock worth $162,160,000 after buying an additional 62,367 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in American Homes 4 Rent by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock worth $146,850,000 after acquiring an additional 37,757 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its stake in American Homes 4 Rent by 1.5% in the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust's stock valued at $137,181,000 after acquiring an additional 53,648 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods decreased their target price on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, November 6th. Mizuho upped their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. UBS Group lifted their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.33 during mid-day trading on Friday, reaching $38.29. 1,368,812 shares of the stock traded hands, compared to its average volume of 2,091,457. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.38 and a beta of 0.77. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $37.74 and a 200 day moving average price of $37.50. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. As a group, equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. American Homes 4 Rent's dividend payout ratio (DPR) 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.