Primecap Management Co. CA Has $12.39 Million Stake in American Homes 4 Rent (NYSE:AMH)

Primecap Management Co. CA cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 13.9% during the second quarter, Holdings Channel reports. The fund owned 333,380 shares of the real estate investment trust’s stock after selling 53,820 shares during the quarter. Primecap Management Co. CA’s holdings in American Homes 4 Rent were worth $12,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent during the second quarter worth $32,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth about $44,000. Opal Wealth Advisors LLC bought a new stake in shares of American Homes 4 Rent during the 2nd quarter worth about $54,000. GAMMA Investing LLC boosted its holdings in shares of 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 worth $57,000 after buying an additional 302 shares during the period. Finally, Quarry LP grew its stake in American Homes 4 Rent by 216.3% in the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 1,315 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the subject of several research reports. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday. Evercore ISI upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a report on Monday. Barclays dropped their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Finally, UBS Group increased their price target on 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Trading Down 1.6 %

Shares of American Homes 4 Rent stock opened at $39.66 on Thursday. The firm’s 50 day moving average is $38.07 and its 200 day moving average is $36.85. The firm 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. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. 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 posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share 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 company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research 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. Shareholders of record on Friday, September 13th will be given a $0.26 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.62%. American Homes 4 Rent’s dividend payout ratio is presently 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.