Millennium Management LLC Sells 608,981 Shares of American Homes 4 Rent (NYSE:AMH)

Millennium Management LLC cut its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 52.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 548,980 shares of the real estate investment trust's stock after selling 608,981 shares during the period. Millennium Management LLC owned approximately 0.15% of American Homes 4 Rent worth $20,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MBB Public Markets I LLC bought a new position in shares of American Homes 4 Rent during the second quarter worth $831,000. APG Asset Management N.V. lifted its holdings in American Homes 4 Rent by 264.0% during the second quarter. APG Asset Management N.V. now owns 48,807 shares of the real estate investment trust's stock worth $1,692,000 after acquiring an additional 35,400 shares in the last quarter. Toronto Dominion Bank grew its stake in American Homes 4 Rent by 2.0% in the second quarter. Toronto Dominion Bank now owns 31,511 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 620 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of American Homes 4 Rent by 62.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,994 shares of the real estate investment trust's stock worth $2,341,000 after acquiring an additional 24,158 shares in the last quarter. Finally, Masterton Capital Management LP acquired a new stake in shares of American Homes 4 Rent during the second quarter worth about $12,853,000. Institutional investors own 91.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 target price on the stock. UBS Group raised their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note 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 lifted their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded up $0.24 during trading on Friday, reaching $38.34. 2,026,864 shares of the stock were exchanged, compared to its average volume of 2,615,433. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41. The stock has a 50-day moving average price of $38.79 and a 200-day moving average price of $37.06. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a market cap of $14.04 billion, a PE ratio of 39.12, a PEG ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data 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). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the previous year, the business earned $0.41 EPS. The firm's quarterly revenue was up 7.1% on a year-over-year basis. Research analysts expect that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.71%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 106.12%.

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.