American Homes 4 Rent (NYSE:AMH) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of American Homes 4 Rent (NYSE:AMH) by 32.5% in the third quarter, Holdings Channel.com reports. The fund owned 1,626,098 shares of the real estate investment trust’s stock after selling 783,625 shares during the quarter. Wellington Management Group LLP’s holdings in American Homes 4 Rent were worth $62,426,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Worldquant Millennium Advisors LLC raised its holdings in shares of American Homes 4 Rent by 731.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 76,907 shares of the real estate investment trust’s stock valued at $2,952,000 after acquiring an additional 67,652 shares during the last quarter. Quarry LP acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at approximately $66,000. Investment Management Corp of Ontario increased its holdings in shares of American Homes 4 Rent by 49.4% in the third quarter. Investment Management Corp of Ontario now owns 10,894 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 3,600 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares during the last quarter. Finally, Centiva Capital LP increased its holdings in shares of American Homes 4 Rent by 3.2% in the third quarter. Centiva Capital LP now owns 64,991 shares of the real estate investment trust’s stock valued at $2,495,000 after purchasing an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction on Monday, December 9th. The shares were 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 of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.05% of the stock is currently owned by company insiders.

American Homes 4 Rent Trading Down 0.3 %

AMH opened at $37.58 on Wednesday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The business has a fifty day simple moving average of $37.55 and a 200-day simple moving average of $37.56. The firm has a market cap of $13.89 billion, a P/E ratio of 39.15, a P/E/G ratio of 3.29 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 2.77%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMH. The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, UBS Group increased their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.