1 week Ago By ABMN Staff
O Shaughnessy Asset Management LLC cut its position in shares of American Homes 4 Rent ( NYSE:AMH – Free Report ) by 31.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,564 shares of the real estate investment trust’s stock after selling 3,964 shares during the period.
O Shaughnessy Asset Management LLC’s holdings in American Homes 4 Rent were worth $320,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at approximately $213,000.
XTX Topco Ltd purchased a new stake in American Homes 4 Rent in the third quarter valued at $348,000. Orion Portfolio Solutions LLC acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $232,000. Toronto Dominion Bank grew its holdings in shares of American Homes 4 Rent by 31.
4% during the 3rd quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust’s stock worth $1,590,000 after purchasing an additional 9,899 shares during the period. Finally, TCW Group Inc.
acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $962,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several brokerages have weighed in on AMH. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $39.00 to $40.
00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $37.
00 in a research report on Tuesday, January 21st. Raymond James cut their target price on American Homes 4 Rent from $44.00 to $39.
00 and set an “outperform” rating on the stock in a research report on Friday. JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th.
Finally, Barclays boosted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th.
One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent has an average rating of “Hold” and a consensus target price of $40.14.
American Homes 4 Rent Stock Performance Shares of AMH opened at $35.17 on Friday. The company has a market capitalization of $13.
02 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.56 and a beta of 0.
73. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.
41. The company has a quick ratio of 0.58, a current ratio of 0.
76 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $35.
82 and a 200 day moving average price of $36.54. American Homes 4 Rent ( NYSE:AMH – Get Free Report ) last issued its earnings results on Thursday, February 20th.
The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.
30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.
33%. The business had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.
02 million. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.
American Homes 4 Rent Increases Dividend The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.
41%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26.
American Homes 4 Rent’s payout ratio is 111.11%. American Homes 4 Rent Company Profile ( Free Report ) American Homes 4 Rent operates as a real estate investment trust.
It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
Featured Articles Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent ( NYSE:AMH – Free Report ). Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.
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