American Homes 4 Rent (NYSE:AMH) Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,151 shares of the real estate investment trust's stock after selling 21,000 shares during the period. American Homes 4 Rent comprises 1.0% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 26th largest position. American Assets Capital Advisers LLC's holdings in American Homes 4 Rent were worth $3,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock worth $1,679,868,000 after acquiring an additional 1,094,714 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust's stock worth $324,798,000 after acquiring an additional 507,307 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust's stock worth $183,403,000 after acquiring an additional 334,358 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in American Homes 4 Rent by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock valued at $146,850,000 after purchasing an additional 37,757 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in American Homes 4 Rent by 1.5% during the 2nd 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 purchasing an additional 53,648 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMH shares. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Keefe, Bruyette & Woods lowered their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. StockNews.com lowered shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Thursday, October 24th. Mizuho raised their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Finally, Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and raised their price target for the company from $41.00 to $42.00 in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded down $0.07 during trading hours on Tuesday, reaching $37.34. The company's stock had a trading volume of 1,969,827 shares, compared to its average volume of 2,571,168. The company's 50 day simple moving average is $38.28 and its 200 day simple moving average is $37.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The stock has a market cap of $13.80 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77.

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

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.79%. American Homes 4 Rent's dividend payout ratio is presently 108.33%.

American Homes 4 Rent 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.