Perpetual Ltd Sells 15,430 Shares of American Homes 4 Rent (NYSE:AMH)

Perpetual Ltd lessened its stake in shares of American Homes 4 Rent (NYSE:AMH) by 36.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,442 shares of the real estate investment trust’s stock after selling 15,430 shares during the quarter. Perpetual Ltd’s holdings in American Homes 4 Rent were worth $1,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMH. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent during the 2nd quarter valued at $32,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter worth $44,000. Opal Wealth Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter worth $54,000. GAMMA Investing LLC boosted its position in shares of American Homes 4 Rent by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of American Homes 4 Rent by 24.3% in the 2nd 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 in the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMH. Wells Fargo & Company raised 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 report on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. UBS Group raised their price objective 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. Royal Bank of Canada raised their price objective 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. Finally, StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $37.89 on Friday. The stock has a 50-day simple moving average of $38.88 and a two-hundred day simple moving average of $37.10. The firm has a market capitalization of $13.89 billion, a P/E ratio of 39.47, a PEG ratio of 3.10 and a beta of 0.76. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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). The company had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.74%. American Homes 4 Rent’s payout ratio is 108.33%.

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.