American Homes 4 Rent (NYSE:AMH) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 38.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,764 shares of the real estate investment trust's stock after selling 52,609 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in American Homes 4 Rent were worth $3,254,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP raised its position in American Homes 4 Rent by 302.6% during the 3rd quarter. GSA Capital Partners LLP now owns 32,122 shares of the real estate investment trust's stock valued at $1,233,000 after purchasing an additional 24,143 shares in the last quarter. Catalytic Wealth RIA LLC raised its holdings in shares of American Homes 4 Rent by 2.3% in the third quarter. Catalytic Wealth RIA LLC now owns 83,938 shares of the real estate investment trust's stock valued at $3,222,000 after acquiring an additional 1,881 shares in the last quarter. Atria Investments Inc lifted its stake in American Homes 4 Rent by 16.6% in the third quarter. Atria Investments Inc now owns 84,527 shares of the real estate investment trust's stock worth $3,245,000 after acquiring an additional 12,038 shares during the period. Assetmark Inc. grew its holdings in American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 790 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its position in American Homes 4 Rent by 91.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 475,214 shares of the real estate investment trust's stock valued at $18,243,000 after purchasing an additional 226,900 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded up $0.63 during trading on Wednesday, reaching $37.96. 2,325,289 shares of the company's stock traded hands, compared to its average volume of 2,570,050. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a 50-day simple moving average of $38.28 and a 200-day simple moving average of $37.34. The firm has a market cap of $14.03 billion, a PE ratio of 39.52, a P/E/G ratio of 3.22 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued 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). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.74%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMH shares. Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a "buy" rating and a $48.00 target price on the stock. Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada lifted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Finally, Scotiabank reissued an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

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.