Russell Investments Group Ltd. decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 52.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 741,581 shares of the real estate investment trust’s stock after selling 832,312 shares during the quarter. Russell Investments Group Ltd. owned about 0.25% of American Homes 4 Rent worth $19,187,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors also recently made changes to their positions in AMH. Whittier Trust Co. of Nevada Inc. bought a new position in American Homes 4 Rent in the 3rd quarter valued at $31,000. Quest Capital Management Inc. ADV purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $32,000. Steward Partners Investment Advisory LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $78,000. Altshuler Shaham Ltd lifted its position in shares of American Homes 4 Rent by 87.7% during the 2nd quarter. Altshuler Shaham Ltd now owns 3,662 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 1,711 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 86.43% of the company’s stock.
Shares of American Homes 4 Rent stock opened at $26.36 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.03 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.41 and a beta of 0.60. The business’s 50-day moving average price is $26.21 and its 200-day moving average price is $25.29. American Homes 4 Rent has a 12 month low of $18.91 and a 12 month high of $27.14.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.19). American Homes 4 Rent had a net margin of 10.74% and a return on equity of 2.03%. The firm had revenue of $298.30 million for the quarter, compared to the consensus estimate of $290.51 million. During the same quarter last year, the company posted $0.27 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that American Homes 4 Rent will post 1.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a yield of 0.76%. American Homes 4 Rent’s payout ratio is 18.87%.
A number of brokerages have recently commented on AMH. Morgan Stanley upped their price target on American Homes 4 Rent from $27.50 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Zacks Investment Research raised American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, November 13th. Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Friday, November 8th. They set a “buy” rating and a $29.00 price objective on the stock. Evercore ISI reissued a “buy” rating and set a $27.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, November 12th. Finally, B. Riley set a $28.00 price target on American Homes 4 Rent and gave the company a “buy” rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.13.
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.
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