American Century Companies Inc. Has $39.41 Million Stake in American Homes 4 Rent (NYSE:AMH)

American Century Companies Inc. cut its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,060,643 shares of the real estate investment trust's stock after selling 344,429 shares during the quarter. American Century Companies Inc. owned about 0.29% of American Homes 4 Rent worth $39,413,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 302 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of American Homes 4 Rent by 12.5% during the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust's stock worth $104,000 after buying an additional 314 shares during the period. Dynamic Advisor Solutions LLC lifted its position in American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 357 shares during the period. Quadrant Capital Group LLC lifted its position in American Homes 4 Rent by 15.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust's stock worth $99,000 after purchasing an additional 369 shares during the period. Finally, Atria Investments Inc lifted its position in American Homes 4 Rent by 0.7% in the first quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust's stock worth $2,651,000 after purchasing an additional 510 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Down 1.6 %

Shares of NYSE AMH traded down $0.63 during mid-day trading on Wednesday, reaching $39.66. The company had a trading volume of 2,160,535 shares, compared to its average volume of 2,639,571. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $14.53 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. The stock's 50 day moving average is $38.07 and its 200-day moving average is $36.85.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. During the same period last year, the company posted $0.41 earnings per share. The company's revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent's payout ratio is 106.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Scotiabank reiterated an "outperform" rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. UBS Group increased their price objective on 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. StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Saturday, August 10th. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a "buy" rating and a $48.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.