Corbyn Investment Management Inc. MD Sells 1,584 Shares of American Homes 4 Rent (NYSE:AMH)

Corbyn Investment Management Inc. MD cut its holdings in American Homes 4 Rent (NYSE:AMH) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,717 shares of the real estate investment trust’s stock after selling 1,584 shares during the period. American Homes 4 Rent comprises 1.5% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 26th largest holding. Corbyn Investment Management Inc. MD’s holdings in American Homes 4 Rent were worth $3,867,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the third quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth approximately $32,000. Assetmark Inc. increased its position in shares of 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 purchasing an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at $44,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on AMH. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada increased their price objective on shares of 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. Keefe, Bruyette & Woods cut 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 research note on Wednesday, November 6th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $42.00 in a report on Monday, November 11th. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Trading Up 0.2 %

NYSE:AMH opened at $37.60 on Monday. The firm has a 50-day simple moving average of $38.17 and a 200-day simple moving average of $37.38. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The firm has a market cap of $13.89 billion, a P/E ratio of 39.17, a P/E/G ratio of 3.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last issued 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). The business had revenue of $445.06 million for 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Equities analysts anticipate that American Homes 4 Rent will post 1.77 EPS 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 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.