Primecap Management Co. CA Has $11.81 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Primecap Management Co. CA decreased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,560 shares of the real estate investment trust's stock after selling 25,820 shares during the period. Primecap Management Co. CA owned approximately 0.08% of American Homes 4 Rent worth $11,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shell Asset Management Co. bought a new stake in American Homes 4 Rent during the first quarter worth about $375,000. Advisors Asset Management Inc. lifted its stake in shares of 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 worth $104,000 after purchasing an additional 314 shares during the period. 1832 Asset Management L.P. bought a new stake in shares of American Homes 4 Rent during the 1st quarter valued at $2,427,000. PEAK6 Investments LLC raised its stake in American Homes 4 Rent by 250.3% during the 1st quarter. PEAK6 Investments LLC now owns 6,985 shares of the real estate investment trust's stock worth $257,000 after acquiring an additional 11,631 shares during the period. Finally, BOKF NA increased its stake in American Homes 4 Rent by 2.5% in the 1st quarter. BOKF NA now owns 64,057 shares of the real estate investment trust's stock worth $2,328,000 after buying an additional 1,581 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

AMH traded up $0.03 during trading on Friday, reaching $37.66. 1,214,598 shares of the stock were exchanged, compared to its average volume of 2,416,034. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The business's 50 day moving average price is $37.91 and its two-hundred day moving average price is $37.41. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 3.25 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 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 analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.33%.

Analysts Set New Price Targets

Several research firms have commented on AMH. Royal Bank of Canada increased their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Scotiabank reissued an "outperform" rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock 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.