Truist Financial Corp Sells 1,699 Shares of American Homes 4 Rent (NYSE:AMH)

Truist Financial Corp reduced its position in American Homes 4 Rent (NYSE:AMH) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,234 shares of the real estate investment trust’s stock after selling 1,699 shares during the quarter. Truist Financial Corp’s holdings in American Homes 4 Rent were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 302 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 310 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of American Homes 4 Rent by 12.5% during the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 314 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 357 shares in the last quarter. Finally, Atria Investments Inc boosted its position in shares of American Homes 4 Rent by 0.7% during the first quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock worth $2,651,000 after acquiring an additional 510 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMH. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Royal Bank of Canada boosted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday. Mizuho increased their target price on 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. Finally, Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $41.67.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.84 on Tuesday. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 3.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The stock’s fifty day moving average price is $38.90 and its 200 day moving average price is $37.13. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.75%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

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.