American Homes 4 Rent (NYSE:AMH) Short Interest Update

American Homes 4 Rent (NYSE:AMH) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totalling 9,610,000 shares, a drop of 6.4% from the July 31st total of 10,270,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is currently 4.6 days.

Analysts Set New Price Targets

Several research firms have commented on AMH. Evercore ISI increased their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Barclays decreased their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Scotiabank reissued an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

American Homes 4 Rent Trading Down 0.4 %

NYSE AMH opened at $39.60 on Wednesday. The company’s fifty day moving average price is $37.48 and its two-hundred day moving average price is $36.53. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $39.92. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 40.41, a price-to-earnings-growth ratio of 3.32 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results 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). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.63%. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMH. V Square Quantitative Management LLC acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $32,000. Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent during the second quarter valued at $44,000. Opal Wealth Advisors LLC acquired a new position in American Homes 4 Rent in the second quarter worth approximately $54,000. GAMMA Investing LLC lifted its stake 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 valued at $57,000 after purchasing an additional 302 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Company 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.