American Homes 4 Rent (NYSE:AMH) Short Interest Update

American Homes 4 Rent (NYSE:AMH) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 8,410,000 shares, an increase of 9.1% from the October 31st total of 7,710,000 shares. Based on an average daily volume of 2,140,000 shares, the short-interest ratio is presently 3.9 days.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC boosted its holdings in American Homes 4 Rent by 39.4% during the 3rd quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 4,649 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $762,000. TCW Group Inc. bought a new position in shares of American Homes 4 Rent in the third quarter worth approximately $962,000. Toronto Dominion Bank grew its holdings in shares of American Homes 4 Rent by 31.4% in the third 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 last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of American Homes 4 Rent in the third quarter worth $1,456,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE:AMH traded up $0.02 during midday trading on Wednesday, hitting $37.46. The company had a trading volume of 398,176 shares, compared to its average volume of 2,518,623. The company has a market capitalization of $13.84 billion, a PE ratio of 39.01, a P/E/G ratio of 3.32 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 has a 52-week low of $33.75 and a 52-week high of $41.41. The stock’s fifty day moving average price is $37.65 and its 200-day moving average price is $37.52.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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). The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. American Homes 4 Rent’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. As a group, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. American Homes 4 Rent’s payout ratio is 108.33%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMH shares. JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Scotiabank reaffirmed an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Finally, Mizuho raised their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

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.