Wellington Management Group LLP trimmed its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,626,098 shares of the real estate investment trust's stock after selling 783,625 shares during the period. Wellington Management Group LLP owned approximately 0.44% of American Homes 4 Rent worth $62,426,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. FMR LLC raised its holdings in shares of American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock worth $315,780,000 after purchasing an additional 937,116 shares during the period. Dimensional Fund Advisors LP grew its stake in American Homes 4 Rent by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust's stock worth $183,403,000 after buying an additional 334,358 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of American Homes 4 Rent by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust's stock worth $162,160,000 after acquiring an additional 62,367 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of American Homes 4 Rent by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock valued at $146,850,000 after acquiring an additional 37,757 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in American Homes 4 Rent by 1.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust's stock worth $137,181,000 after purchasing an additional 53,648 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at American Homes 4 Rent
In related news, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas N. Benham acquired 3,286 shares of the business's stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.05% of the stock is owned by corporate insiders.
American Homes 4 Rent Price Performance
Shares of AMH stock traded up $0.18 during midday trading on Wednesday, reaching $37.75. 3,227,462 shares of the company were exchanged, compared to its average volume of 2,527,969. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a market cap of $13.95 billion, a P/E ratio of 39.45, a PEG ratio of 3.29 and a beta of 0.78. The company's 50 day moving average price is $37.55 and its two-hundred day moving average price is $37.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's payout ratio is currently 108.33%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on AMH. JMP Securities reissued a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Wednesday. Keefe, Bruyette & Woods cut their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and an average price target of $41.56.
Check Out Our Latest Report on American Homes 4 Rent
American Homes 4 Rent Company Profile
(
Free Report)
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.
Featured Stories
Before you consider American Homes 4 Rent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Homes 4 Rent wasn't on the list.
While American Homes 4 Rent currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.