Real Estate Management Services LLC Sells 14,760 Shares of American Homes 4 Rent (NYSE:AMH)

Real Estate Management Services LLC lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,540 shares of the real estate investment trust’s stock after selling 14,760 shares during the quarter. American Homes 4 Rent comprises 2.7% of Real Estate Management Services LLC’s holdings, making the stock its 16th biggest position. Real Estate Management Services LLC owned 0.05% of American Homes 4 Rent worth $4,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMH. Cohen & Steers Inc. grew its position in American Homes 4 Rent by 34.0% during the 2nd quarter. Cohen & Steers Inc. now owns 16,332,187 shares of the real estate investment trust’s stock worth $397,035,000 after purchasing an additional 4,145,419 shares during the last quarter. Invesco Ltd. grew its position in American Homes 4 Rent by 177.2% during the 2nd quarter. Invesco Ltd. now owns 6,983,625 shares of the real estate investment trust’s stock worth $169,773,000 after purchasing an additional 4,464,448 shares during the last quarter. Nuveen Asset Management LLC grew its position in American Homes 4 Rent by 273.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,976,811 shares of the real estate investment trust’s stock worth $145,297,000 after purchasing an additional 4,374,907 shares during the last quarter. Zimmer Partners LP grew its position in American Homes 4 Rent by 86.4% during the 2nd quarter. Zimmer Partners LP now owns 3,728,541 shares of the real estate investment trust’s stock worth $90,641,000 after purchasing an additional 1,728,541 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in American Homes 4 Rent by 4.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,411,620 shares of the real estate investment trust’s stock worth $82,937,000 after purchasing an additional 145,480 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Shares of AMH stock traded up $0.42 during trading hours on Thursday, hitting $26.32. The company’s stock had a trading volume of 97,166 shares, compared to its average volume of 2,140,548. The company has a 50 day moving average of $25.57 and a 200 day moving average of $24.75. The stock has a market cap of $7.73 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 2.17 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.47. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $26.40.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.19). American Homes 4 Rent had a net margin of 10.02% and a return on equity of 1.86%. The business had revenue of $281.90 million during the quarter, compared to analysts’ expectations of $279.04 million. During the same period last year, the company earned $0.27 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, analysts anticipate that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, September 12th. American Homes 4 Rent’s dividend payout ratio is currently 18.87%.

AMH has been the topic of several research analyst reports. B. Riley set a $28.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, August 16th. BTIG Research downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. ValuEngine downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $27.50 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.25.

In other American Homes 4 Rent news, COO Jack E. Corrigan sold 75,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $25.68, for a total transaction of $1,926,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at $2,568. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jack E. Corrigan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $25.70, for a total transaction of $2,570,000.00. Following the transaction, the chief operating officer now owns 100 shares of the company’s stock, valued at $2,570. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,000 shares of company stock valued at $7,060,600. Company insiders own 27.58% of the company’s stock.

American Homes 4 Rent Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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