Employees Retirement System of Texas Lowers Holdings in American Homes 4 Rent (NYSE:AMH)

Employees Retirement System of Texas trimmed its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 16.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 346,565 shares of the real estate investment trust's stock after selling 70,000 shares during the quarter. Employees Retirement System of Texas owned approximately 0.09% of American Homes 4 Rent worth $12,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cohen & Steers Inc. increased its stake in American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust's stock worth $318,755,000 after purchasing an additional 2,575,854 shares during the period. Balyasny Asset Management L.P. increased its stake in American Homes 4 Rent by 180.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust's stock worth $93,848,000 after buying an additional 1,679,846 shares during the period. Goldman Sachs Group Inc. lifted its holdings in American Homes 4 Rent by 80.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust's stock valued at $127,263,000 after buying an additional 1,574,295 shares in the last quarter. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock valued at $1,679,868,000 after buying an additional 1,094,714 shares during the period. Finally, PGGM Investments bought a new position in American Homes 4 Rent in the 1st quarter worth about $32,199,000. 91.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMH. JPMorgan Chase & Co. lifted their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Scotiabank reissued an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Evercore ISI raised their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. UBS Group lifted their price objective 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. Finally, 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 stock from $36.00 to $42.00 in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.60.

American Homes 4 Rent Stock Down 2.1 %

AMH traded down $0.82 during trading on Thursday, hitting $38.51. The stock had a trading volume of 2,351,755 shares, compared to its average volume of 2,639,251. The stock has a 50 day simple moving average of $38.46 and a two-hundred day simple moving average of $36.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a market capitalization of $14.11 billion, a PE ratio of 39.30, a PEG ratio of 3.32 and a beta of 0.76.

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

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 106.12%.

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.