Nisa Investment Advisors LLC Cuts Stock Position in American Homes 4 Rent (NYSE:AMH)

Nisa Investment Advisors LLC lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,261 shares of the real estate investment trust's stock after selling 20,764 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of American Homes 4 Rent worth $7,803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Michigan Retirement System bought a new stake in American Homes 4 Rent during the 1st quarter worth approximately $2,873,000. Azzad Asset Management Inc. ADV raised its position in American Homes 4 Rent by 4.9% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 35,960 shares of the real estate investment trust's stock valued at $1,323,000 after buying an additional 1,692 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in American Homes 4 Rent by 22.1% during the 1st quarter. State of Alaska Department of Revenue now owns 193,354 shares of the real estate investment trust's stock valued at $7,110,000 after acquiring an additional 35,030 shares in the last quarter. Van ECK Associates Corp boosted its holdings in American Homes 4 Rent by 2.6% during the 1st quarter. Van ECK Associates Corp now owns 130,627 shares of the real estate investment trust's stock worth $4,804,000 after acquiring an additional 3,356 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new stake in shares of American Homes 4 Rent in the 1st quarter worth $14,690,000. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $1.45 during midday trading on Thursday, reaching $35.25. 4,026,532 shares of the stock were exchanged, compared to its average volume of 2,572,530. The company's fifty day moving average is $38.81 and its 200-day moving average is $37.28. The firm has a market cap of $12.91 billion, a PE ratio of 35.97, a PEG ratio of 3.10 and a beta of 0.76. 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 52 week low of $32.08 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. American Homes 4 Rent's revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent's payout ratio is 106.12%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMH. UBS Group raised their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Scotiabank reaffirmed 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. JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

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.