Bamco Inc. NY Has $29.06 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Bamco Inc. NY cut its stake in American Homes 4 Rent (NYSE:AMH) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 757,006 shares of the real estate investment trust’s stock after selling 92,897 shares during the period. Bamco Inc. NY owned about 0.20% of American Homes 4 Rent worth $29,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB raised its stake in American Homes 4 Rent by 14.3% during the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock worth $14,864,000 after acquiring an additional 50,000 shares in the last quarter. OFI Invest Asset Management bought a new position in American Homes 4 Rent during the 2nd quarter valued at about $632,000. Marshall Wace LLP acquired a new position in American Homes 4 Rent in the second quarter valued at about $17,367,000. Catalyst Capital Advisors LLC bought a new stake in American Homes 4 Rent during the third quarter worth about $53,000. Finally, Easterly Investment Partners LLC increased its holdings in shares of American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after buying an additional 122,048 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH opened at $37.69 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market cap of $13.93 billion, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.77. The stock’s 50-day moving average price is $37.69 and its two-hundred day moving average price is $37.51. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

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 analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Wall Street Analysts Forecast Growth

AMH has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price 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.