American Homes 4 Rent (NYSE:AMH) Shares Sold by Davis Selected Advisers

Davis Selected Advisers lessened its stake in American Homes 4 Rent (NYSE:AMH) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 222,270 shares of the real estate investment trust’s stock after selling 23,200 shares during the quarter. Davis Selected Advisers owned 0.06% of American Homes 4 Rent worth $8,260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in American Homes 4 Rent in the second quarter valued at approximately $32,000. Opal Wealth Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $54,000. GAMMA Investing LLC boosted its holdings in American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 302 shares in the last quarter. Quarry LP grew its position in American Homes 4 Rent by 216.3% during the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 1,315 shares during the period. Finally, Principal Securities Inc. purchased a new position in American Homes 4 Rent in the fourth quarter valued at $91,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 1.1 %

NYSE AMH traded down $0.44 on Monday, reaching $38.96. 141,269 shares of the company were exchanged, compared to its average volume of 2,662,660. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $40.21. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $37.66 and its 200 day moving average price is $36.64. The stock has a market capitalization of $14.28 billion, a P/E ratio of 40.20, a price-to-earnings-growth ratio of 3.29 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The business had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.67%. American Homes 4 Rent’s payout ratio is presently 106.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMH shares. JPMorgan Chase & Co. raised their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. Barclays reduced their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. Finally, Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.20.

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.