Makena Capital Management LLC Sells 6,606 Shares of American Homes 4 Rent (NYSE:AMH)

Makena Capital Management LLC trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,381 shares of the real estate investment trust’s stock after selling 6,606 shares during the quarter. American Homes 4 Rent comprises about 2.3% of Makena Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Makena Capital Management LLC owned about 0.07% of American Homes 4 Rent worth $9,420,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMH. Maryland Capital Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its stake in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter worth $32,000. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth about $44,000. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.56 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.88 billion, a P/E ratio of 39.12, a PEG ratio of 3.24 and a beta of 0.77. The company has a 50-day moving average price of $38.04 and a 200-day moving average price of $37.40. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results 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). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. During the same period in the prior year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMH. Keefe, Bruyette & Woods dropped 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. JPMorgan Chase & Co. upped their price objective 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. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Mizuho boosted their price target on 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. Finally, Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

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.