Oregon Public Employees Retirement Fund Sells 11,800 Shares of American Homes 4 Rent (NYSE:AMH)

Oregon Public Employees Retirement Fund decreased its position in American Homes 4 Rent (NYSE:AMH) by 15.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,800 shares of the real estate investment trust’s stock after selling 11,800 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American Homes 4 Rent were worth $2,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp acquired a new position in American Homes 4 Rent in the 1st quarter valued at $10,238,000. Mutual of America Capital Management LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at about $6,970,000. Los Angeles Capital Management LLC bought a new position in shares of American Homes 4 Rent in the first quarter worth about $5,711,000. Wells Fargo & Company MN lifted its position in shares of American Homes 4 Rent by 67.6% during the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in American Homes 4 Rent during the 1st quarter valued at approximately $524,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on AMH shares. Evercore ISI lifted their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Royal Bank of Canada boosted their target price on shares of 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. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday. They issued a “buy” rating and a $48.00 price target for the company. Barclays dropped their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Scotiabank reiterated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

American Homes 4 Rent Stock Up 0.4 %

NYSE AMH opened at $39.75 on Friday. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $40.21. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 3.32 and a beta of 0.74. The stock’s 50 day moving average is $37.61 and its two-hundred day moving average is $36.57. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

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

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 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 2.62%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

American Homes 4 Rent Profile

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.