Ashton Thomas Private Wealth LLC Has $1.99 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Ashton Thomas Private Wealth LLC lowered its stake in American Homes 4 Rent (NYSE:AMH) by 7.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 53,516 shares of the real estate investment trust’s stock after selling 4,340 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in American Homes 4 Rent were worth $1,989,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AMH. Truist Financial Corp grew its stake in American Homes 4 Rent by 37.3% in the 4th quarter. Truist Financial Corp now owns 21,884 shares of the real estate investment trust’s stock valued at $787,000 after buying an additional 5,940 shares during the last quarter. Natixis Advisors L.P. grew its stake in American Homes 4 Rent by 11.6% in the 4th quarter. Natixis Advisors L.P. now owns 60,280 shares of the real estate investment trust’s stock valued at $2,167,000 after buying an additional 6,262 shares during the last quarter. Amalgamated Bank boosted its holdings in American Homes 4 Rent by 4.8% in the 4th quarter. Amalgamated Bank now owns 55,637 shares of the real estate investment trust’s stock valued at $2,001,000 after purchasing an additional 2,548 shares during the period. National Bank of Canada FI boosted its holdings in American Homes 4 Rent by 3,745.7% in the 4th quarter. National Bank of Canada FI now owns 43,880 shares of the real estate investment trust’s stock valued at $1,603,000 after purchasing an additional 42,739 shares during the period. Finally, Principal Securities Inc. bought a new stake in American Homes 4 Rent in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

AMH stock opened at $39.19 on Tuesday. The company has a 50 day simple moving average of $37.69 and a 200 day simple moving average of $36.67. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 3.29 and a beta of 0.76. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $40.21. 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 released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) 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 prior year, the company earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMH shares. Keefe, Bruyette & Woods boosted their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Monday, May 13th. UBS Group upped their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Evercore ISI upped their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target for the company. Finally, Barclays cut their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

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.