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

Harvest Fund Management Co. Ltd lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent during the third quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $32,000. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMH. UBS Group boosted their price objective on 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. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $38.61 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. The business has a 50-day moving average of $37.81 and a 200 day moving average of $37.46. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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 net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same period in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast 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 disclosed 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 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.