Allspring Global Investments Holdings LLC Has $12.68 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Allspring Global Investments Holdings LLC lowered its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,174 shares of the real estate investment trust's stock after selling 18,432 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of American Homes 4 Rent worth $12,675,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 1,094,714 shares during the period. PGGM Investments acquired a new position in American Homes 4 Rent during the first quarter worth about $32,199,000. Price T Rowe Associates Inc. MD boosted its stake in shares of American Homes 4 Rent by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust's stock valued at $324,798,000 after purchasing an additional 507,307 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of American Homes 4 Rent in the second quarter worth $17,367,000. Finally, American International Group Inc. increased its position in American Homes 4 Rent by 15,281.0% during the 1st quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust's stock valued at $15,489,000 after purchasing an additional 418,393 shares during the period. 91.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMH shares. Scotiabank reaffirmed an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Thursday. Evercore ISI lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Mizuho raised their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $41.67.

American Homes 4 Rent Trading Down 0.9 %

NYSE:AMH traded down $0.35 on Friday, hitting $38.27. 2,210,270 shares of the stock were exchanged, compared to its average volume of 2,555,104. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The stock has a fifty day moving average of $38.87 and a 200-day moving average of $37.24. The stock has a market cap of $14.02 billion, a PE ratio of 39.05, a PEG ratio of 3.10 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its 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 business had revenue of $423.50 million for 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 firm's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts expect that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent's dividend payout ratio is currently 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.