Citigroup Inc. Has $7.01 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Citigroup Inc. trimmed its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 17.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,485 shares of the real estate investment trust's stock after selling 38,148 shares during the quarter. Citigroup Inc.'s holdings in American Homes 4 Rent were worth $7,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its position in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new position in American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. boosted its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent in the 2nd quarter worth $44,000. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of NYSE AMH traded down $0.33 during mid-day trading on Friday, hitting $38.29. 1,368,812 shares of the stock were exchanged, compared to its average volume of 2,091,457. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The stock's fifty day simple moving average is $37.74 and its two-hundred day simple moving average is $37.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $14.15 billion, a P/E ratio of 39.89, a PEG ratio of 3.38 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for 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 for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's payout ratio is presently 108.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMH shares. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. 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. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and upped their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Royal Bank of Canada lifted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to 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 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.