Short Interest in American Homes 4 Rent (NYSE:AMH) Grows By 7.3%

American Homes 4 Rent (NYSE:AMH) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 10,310,000 shares, an increase of 7.3% from the August 15th total of 9,610,000 shares. Based on an average daily volume of 2,140,000 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMH shares. Barclays reduced their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. UBS Group boosted their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

Institutional Trading of American Homes 4 Rent

A number of large investors have recently modified their holdings of AMH. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent in the 2nd quarter worth about $32,000. Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at approximately $44,000. Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at approximately $54,000. GAMMA Investing LLC raised its stake in American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 worth $59,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $39.66 on Thursday. The stock has a market capitalization of $14.53 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. The business’s fifty day moving average price is $38.12 and its 200 day moving average price is $36.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (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 business had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

American Homes 4 Rent Company 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.