American Homes 4 Rent (NYSE:AMH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,971,791 shares of the real estate investment trust's stock after selling 799,506 shares during the quarter. Principal Financial Group Inc. owned 4.09% of American Homes 4 Rent worth $574,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMH. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its position in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter worth $32,000. Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 2nd quarter worth $44,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of American Homes 4 Rent during the third quarter valued at $53,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

NYSE:AMH traded up $0.37 during trading hours on Thursday, reaching $36.74. The company had a trading volume of 1,356,264 shares, compared to its average volume of 2,572,809. 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 firm has a market cap of $13.47 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77. The business's 50 day moving average price is $38.48 and its 200-day moving average price is $37.29. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41.

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 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.26 per share. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.83%. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

Wall Street Analyst Weigh In

AMH has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on shares of 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. Mizuho boosted their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Evercore ISI dropped their price objective on American Homes 4 Rent from $42.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $41.53.

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.