American Homes 4 Rent (NYSE:AMH) Holdings Cut by Barclays PLC

Barclays PLC cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,801 shares of the real estate investment trust’s stock after selling 84,989 shares during the quarter. Barclays PLC owned approximately 0.09% of American Homes 4 Rent worth $13,313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent during the 3rd quarter worth $25,000. UMB Bank n.a. grew its position in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares during the last quarter. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent in the 2nd quarter valued at about $44,000. Finally, V Square Quantitative Management LLC boosted its stake in American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 275 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMH has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. 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. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Mizuho upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.56.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Down 1.6 %

American Homes 4 Rent stock opened at $37.37 on Monday. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The firm’s 50 day moving average price is $37.52 and its two-hundred day moving average price is $37.60. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

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.