Perpetual Ltd Sells 15,430 Shares of American Homes 4 Rent (NYSE:AMH)

Perpetual Ltd cut its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 36.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,442 shares of the real estate investment trust's stock after selling 15,430 shares during the period. Perpetual Ltd's holdings in American Homes 4 Rent were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMH. GAMMA Investing LLC increased its position in 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 buying an additional 302 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 310 shares during the last quarter. Advisors Asset Management Inc. raised its stake in American Homes 4 Rent by 12.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust's stock valued at $104,000 after acquiring an additional 314 shares during the period. Dynamic Advisor Solutions LLC boosted its position in American Homes 4 Rent by 2.5% during 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. Finally, Atria Investments Inc increased its holdings in shares of 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 valued at $2,651,000 after purchasing an additional 510 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMH has been the subject of several research analyst reports. StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, October 1st. Evercore ISI upped their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on 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. Finally, UBS Group increased their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded up $0.44 on Friday, reaching $37.89. 1,439,771 shares of the stock were exchanged, compared to its average volume of 2,589,246. 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 firm has a market cap of $13.88 billion, a PE ratio of 38.66, a P/E/G ratio of 3.10 and a beta of 0.76. The firm's 50 day moving average is $38.88 and its 200-day moving average is $37.11. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released 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 return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. American Homes 4 Rent's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 106.12%.

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.