American Homes 4 Rent (NYSE:AMH) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 757,006 shares of the real estate investment trust's stock after selling 92,897 shares during the period. Bamco Inc. NY owned approximately 0.20% of American Homes 4 Rent worth $29,061,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMH. V Square Quantitative Management LLC raised its position 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 buying an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 buying an additional 310 shares in the last quarter. Creative Planning lifted its holdings in shares of American Homes 4 Rent by 2.4% in the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 330 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in American Homes 4 Rent by 2.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust's stock worth $544,000 after acquiring an additional 357 shares during the period. Finally, US Bancorp DE grew its holdings in American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust's stock worth $572,000 after acquiring an additional 478 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMH shares. The Goldman Sachs Group assumed coverage on shares of 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. Evercore ISI upgraded shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods dropped their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Finally, Scotiabank reiterated an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.60.

American Homes 4 Rent Stock Down 0.6 %

Shares of AMH traded down $0.21 during mid-day trading on Tuesday, reaching $37.48. 182,545 shares of the stock traded hands, compared to its average volume of 2,523,684. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 3.38 and a beta of 0.78. The stock has a fifty day simple moving average of $37.69 and a 200 day simple moving average of $37.51. 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 12-month low of $33.75 and a 12-month high of $41.41.

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 the consensus estimate of $0.43 by ($0.23). The company 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 company's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Sell-side analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced 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 is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. American Homes 4 Rent's payout ratio is 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.