American Homes 4 Rent (NYSE:AMH) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd decreased its position in American Homes 4 Rent (NYSE:AMH) by 11.1% during the 3rd quarter, Holdings Channel reports. The fund owned 4,168 shares of the real estate investment trust’s stock after selling 520 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in American Homes 4 Rent were worth $160,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $630,000. Swedbank AB grew its stake in shares of American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after purchasing an additional 100,000 shares in the last quarter. Cerity Partners LLC purchased a new position in American Homes 4 Rent in the third quarter valued at $703,000. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $162,160,000 after buying an additional 62,367 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in American Homes 4 Rent by 783.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after buying an additional 981,872 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 0.8 %

NYSE AMH opened at $38.61 on Thursday. The firm’s fifty day moving average is $37.81 and its two-hundred day moving average is $37.46. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $14.27 billion, a PE ratio of 40.22, a P/E/G ratio of 3.28 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (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 company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter last year, the firm earned $0.41 EPS. The business’s revenue was up 5.5% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analyst Ratings Changes

AMH has been the topic of a number of recent analyst reports. Mizuho increased 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. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods reduced their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. Finally, UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

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.