Primecap Management Co. CA Decreases Stake in American Homes 4 Rent (NYSE:AMH)

Primecap Management Co. CA reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 307,560 shares of the real estate investment trust’s stock after selling 25,820 shares during the quarter. Primecap Management Co. CA’s holdings in American Homes 4 Rent were worth $11,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its position in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent in the 2nd quarter worth approximately $32,000. Assetmark Inc. raised its stake in American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $44,000. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMH shares. Keefe, Bruyette & Woods lowered their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Mizuho upped their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada upped their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Trading Up 0.1 %

American Homes 4 Rent stock opened at $37.66 on Friday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The firm’s 50 day moving average price is $37.98 and its 200-day moving average price is $37.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $13.92 billion, a P/E ratio of 39.21, a PEG ratio of 3.24 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

About American Homes 4 Rent

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.