American Homes 4 Rent (NYSE:AMH) Short Interest Up 9.1% in November

American Homes 4 Rent (NYSE:AMH) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 8,410,000 shares, an increase of 9.1% from the October 31st total of 7,710,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the days-to-cover ratio is currently 3.9 days.

American Homes 4 Rent Trading Down 0.6 %

Shares of American Homes 4 Rent stock traded down $0.24 during midday trading on Tuesday, reaching $37.45. The company had a trading volume of 1,125,996 shares, compared to its average volume of 1,932,897. The stock has a fifty day moving average price of $37.69 and a 200 day moving average price of $37.51. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The firm has a market cap of $13.84 billion, a PE ratio of 39.01, a P/E/G ratio of 3.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last issued 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 return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the business. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent in the third quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in American Homes 4 Rent by 331.9% during the 3rd 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 in the last quarter. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. raised its holdings in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the second quarter valued at about $44,000. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMH. Mizuho lifted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company upgraded 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 note on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

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.