Worldquant Millennium Advisors LLC Raises Holdings in American Homes 4 Rent (NYSE:AMH)

Worldquant Millennium Advisors LLC raised its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 731.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,907 shares of the real estate investment trust's stock after purchasing an additional 67,652 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in American Homes 4 Rent were worth $2,952,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Swedbank AB raised its holdings in shares of American Homes 4 Rent by 14.3% in the 2nd quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust's stock valued at $14,864,000 after buying an additional 50,000 shares during the period. OFI Invest Asset Management acquired a new position in American Homes 4 Rent during the 2nd quarter worth $632,000. Marshall Wace LLP acquired a new position in American Homes 4 Rent during the 2nd quarter worth $17,367,000. Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent during the 3rd quarter worth $53,000. Finally, Easterly Investment Partners LLC grew its stake in American Homes 4 Rent by 96.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust's stock worth $9,227,000 after purchasing an additional 122,048 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded up $0.42 during trading hours on Monday, reaching $37.68. 2,510,098 shares of the company's stock were exchanged, compared to its average volume of 2,520,630. The company has a market cap of $13.92 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 3.29 and a beta of 0.78. The company's 50 day moving average is $37.58 and its two-hundred day moving average is $37.54. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share 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 during the quarter, compared to analysts' expectations of $443.81 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued 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 108.33%.

Analyst Upgrades and Downgrades

AMH has been the subject of several analyst reports. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Scotiabank reaffirmed an "outperform" rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. UBS Group upped their target price on 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. JPMorgan Chase & Co. upped their target price on 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 American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,286 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now directly owns 41,946 shares of the company's stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.05% of the company's stock.

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.