Sei Investments Co. Raises Holdings in American Homes 4 Rent (NYSE:AMH)

Sei Investments Co. grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,220,572 shares of the real estate investment trust's stock after acquiring an additional 65,278 shares during the quarter. Sei Investments Co. owned 0.33% of American Homes 4 Rent worth $45,356,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent in the second quarter worth approximately $44,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the second quarter worth approximately $54,000. GAMMA Investing LLC increased its stake in shares of American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust's stock worth $57,000 after buying an additional 302 shares during the period. Finally, Quarry LP raised its holdings in American Homes 4 Rent by 216.3% during the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust's stock valued at $69,000 after buying an additional 1,315 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.9 %

Shares of NYSE AMH traded up $0.34 on Monday, reaching $39.96. 2,858,798 shares of the company's stock traded hands, compared to its average volume of 2,649,916. The business's 50 day simple moving average is $38.26 and its two-hundred day simple moving average is $36.91. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

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

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 2.60%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent's dividend payout ratio (DPR) is 106.12%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMH. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a 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. Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada boosted their price objective on shares of 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. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

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.