Corbyn Investment Management Inc. MD Sells 1,589 Shares of American Homes 4 Rent (NYSE:AMH)

Corbyn Investment Management Inc. MD trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 1.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 102,301 shares of the real estate investment trust’s stock after selling 1,589 shares during the period. American Homes 4 Rent makes up about 1.6% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 21st biggest position. Corbyn Investment Management Inc. MD’s holdings in American Homes 4 Rent were worth $3,802,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in American Homes 4 Rent by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 90,359 shares of the real estate investment trust’s stock valued at $3,358,000 after purchasing an additional 892 shares during the last quarter. National Bank of Canada FI lifted its holdings in American Homes 4 Rent by 3,306.8% during the 2nd quarter. National Bank of Canada FI now owns 43,914 shares of the real estate investment trust’s stock valued at $1,642,000 after purchasing an additional 42,625 shares during the last quarter. TD Asset Management Inc lifted its holdings in American Homes 4 Rent by 82.2% during the 2nd quarter. TD Asset Management Inc now owns 185,827 shares of the real estate investment trust’s stock valued at $6,905,000 after purchasing an additional 83,812 shares during the last quarter. Naviter Wealth LLC lifted its holdings in American Homes 4 Rent by 10.5% during the 2nd quarter. Naviter Wealth LLC now owns 22,270 shares of the real estate investment trust’s stock valued at $828,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Capital Square LLC lifted its holdings in American Homes 4 Rent by 7.0% during the 2nd quarter. Capital Square LLC now owns 9,446 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 614 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $39.40 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $40.21. The firm’s 50 day moving average price is $37.66 and its two-hundred day moving average price is $36.62. The firm has a market cap of $14.43 billion, a P/E ratio of 40.20, a PEG ratio of 3.32 and a beta of 0.76.

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

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Analyst Ratings Changes

AMH has been the subject of several analyst reports. Barclays cut their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Scotiabank reiterated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, Evercore ISI lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

About American Homes 4 Rent

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.