Daiwa Securities Group Inc. Decreases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Daiwa Securities Group Inc. lowered its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 46.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,162 shares of the real estate investment trust's stock after selling 110,743 shares during the period. Daiwa Securities Group Inc.'s holdings in American Homes 4 Rent were worth $4,997,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the 3rd quarter worth about $25,000. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent in the second quarter worth about $32,000. Assetmark Inc. boosted its position in American Homes 4 Rent by 359.1% during the third 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 during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on AMH shares. Keefe, Bruyette & Woods decreased their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a "buy" rating and a $48.00 target price for the company. Scotiabank reiterated an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Monday. Finally, Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

American Homes 4 Rent Stock Up 0.7 %

AMH opened at $38.30 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The stock has a market capitalization of $14.15 billion, a P/E ratio of 39.90, a P/E/G ratio of 3.25 and a beta of 0.77. The business has a 50 day simple moving average of $37.85 and a 200-day simple moving average of $37.44.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 business had revenue of $445.06 million during the quarter, compared to analysts' expectations of $443.81 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. American Homes 4 Rent's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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 issued 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 2.72%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

About American Homes 4 Rent

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.