American Homes 4 Rent (NYSE:AMH) Position Reduced by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its position in American Homes 4 Rent (NYSE:AMH) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,645 shares of the real estate investment trust’s stock after selling 855 shares during the period. Quantinno Capital Management LP’s holdings in American Homes 4 Rent were worth $447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at $66,000. Investment Management Corp of Ontario lifted its holdings in American Homes 4 Rent by 49.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 10,894 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 3,600 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of American Homes 4 Rent by 2,150.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares in the last quarter. Centiva Capital LP grew its stake in shares of American Homes 4 Rent by 3.2% in the 3rd quarter. Centiva Capital LP now owns 64,991 shares of the real estate investment trust’s stock worth $2,495,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of American Homes 4 Rent by 26.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 22,456 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 4,682 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research reports. JMP Securities reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday. Scotiabank reiterated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $41.56.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.37 on Friday. 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 stock has a market capitalization of $13.81 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The company has a 50 day moving average price of $37.52 and a two-hundred day moving average price of $37.58.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Buying and Selling

In other news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares in the company, valued at $1,027,257.54. This trade represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

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.