Penserra Capital Management LLC Has $646,000 Position in American Homes 4 Rent (NYSE:AMH)

Penserra Capital Management LLC decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,828 shares of the real estate investment trust’s stock after selling 442 shares during the period. Penserra Capital Management LLC’s holdings in American Homes 4 Rent were worth $646,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMH. V Square Quantitative Management LLC increased its position in shares of American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of American Homes 4 Rent by 12.5% in 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 purchasing an additional 314 shares in the last quarter. Creative Planning boosted its position in shares of American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 330 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its holdings in American Homes 4 Rent by 2.5% during 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. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $38.61 on Thursday. The firm has a market capitalization of $14.27 billion, a PE ratio of 39.90, a P/E/G ratio of 3.28 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $37.81 and a two-hundred day moving average price of $37.46. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.69%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Analyst Ratings Changes

AMH has been the topic of several recent analyst reports. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, Keefe, Bruyette & Woods decreased their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.60.

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.