Ceredex Value Advisors LLC Has $27.49 Million Position in American Homes 4 Rent (NYSE:AMH)

Ceredex Value Advisors LLC reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 27.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 716,050 shares of the real estate investment trust's stock after selling 273,850 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.20% of American Homes 4 Rent worth $27,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in American Homes 4 Rent by 2.5% in the first 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 in the last quarter. PGGM Investments bought a new position in shares of American Homes 4 Rent in the 1st quarter valued at about $32,199,000. Price T Rowe Associates Inc. MD increased its position in shares of American Homes 4 Rent by 6.1% in 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 acquiring an additional 507,307 shares during the last quarter. Marshall Wace LLP bought a new stake in American Homes 4 Rent during the second quarter worth about $17,367,000. Finally, American International Group Inc. boosted its position in American Homes 4 Rent by 15,281.0% during the first 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 last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded down $0.22 during trading on Friday, reaching $35.02. 3,508,502 shares of the stock were exchanged, compared to its average volume of 2,576,945. American Homes 4 Rent has a 12 month low of $33.34 and a 12 month high of $41.41. The stock has a 50-day moving average price of $38.67 and a 200-day moving average price of $37.26. The company has a current ratio of 0.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. The firm has a market cap of $12.83 billion, a PE ratio of 36.48, a PEG ratio of 3.04 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. Research analysts expect that American Homes 4 Rent will post 1.77 EPS 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. Investors of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.97%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.33%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMH shares. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th. Scotiabank restated an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. UBS Group increased 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 note on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Finally, Mizuho upped their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

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.