Short Interest in American Homes 4 Rent (NYSE:AMH) Rises By 5.1%

American Homes 4 Rent (NYSE:AMH) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 10,530,000 shares, a growth of 5.1% from the September 30th total of 10,020,000 shares. Based on an average daily volume of 2,060,000 shares, the days-to-cover ratio is currently 5.1 days.

Wall Street Analyst Weigh In

AMH has been the topic of a number of recent research reports. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of 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. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Evercore ISI dropped their target price on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC grew its position in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in American Homes 4 Rent by 24.3% during 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 acquiring an additional 310 shares during the period. Advisors Asset Management Inc. increased its holdings in American Homes 4 Rent by 12.5% in the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 314 shares during the last quarter. Creative Planning raised its position in shares of American Homes 4 Rent by 2.4% in the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 330 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of American Homes 4 Rent by 2.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 357 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH opened at $35.03 on Friday. American Homes 4 Rent has a 52-week low of $33.34 and a 52-week high of $41.41. The company has a market cap of $12.84 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 3.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.54 and a current ratio of 0.58. The stock has a 50-day moving average of $38.75 and a 200-day moving average of $37.26.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period in the prior year, the firm posted $0.41 EPS. American Homes 4 Rent’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given 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 dividend yield of 2.97%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

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.