National Bank of Canada FI Sells 42,554 Shares of American Homes 4 Rent (NYSE:AMH)

National Bank of Canada FI lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 96.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,360 shares of the real estate investment trust's stock after selling 42,554 shares during the period. National Bank of Canada FI's holdings in American Homes 4 Rent were worth $52,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Maryland Capital Advisors Inc. bought a new stake in American Homes 4 Rent in the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its position in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 604 shares during the period. Assetmark Inc. boosted its stake in shares of 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 last quarter. V Square Quantitative Management LLC increased its position in shares of American Homes 4 Rent by 31.6% during the third 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 period. Finally, Wetzel Investment Advisors Inc. bought a new position in American Homes 4 Rent during the second quarter worth $44,000. Institutional investors and hedge funds own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Scotiabank restated an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.38.

American Homes 4 Rent Stock Down 2.5 %

NYSE AMH traded down $0.94 during trading hours on Wednesday, hitting $35.96. The company's stock had a trading volume of 2,951,550 shares, compared to its average volume of 2,530,132. The company has a market capitalization of $13.29 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company's 50-day simple moving average is $37.50 and its two-hundred day simple moving average is $37.62.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its 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). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the business earned $0.41 EPS. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate 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 paid a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.89%. American Homes 4 Rent's payout ratio is 108.33%.

Insider Activity

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company's stock, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham bought 3,286 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

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.