Corbyn Investment Management Inc. MD Sells 1,589 Shares of American Homes 4 Rent (NYSE:AMH)

Corbyn Investment Management Inc. MD lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,301 shares of the real estate investment trust’s stock after selling 1,589 shares during the quarter. American Homes 4 Rent accounts for approximately 1.6% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 21st biggest holding. Corbyn Investment Management Inc. MD’s holdings in American Homes 4 Rent were worth $3,802,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent in the second quarter valued at approximately $32,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent in the 2nd quarter valued at $54,000. GAMMA Investing LLC lifted its holdings in American Homes 4 Rent by 24.1% during 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. Quarry LP boosted its position in American Homes 4 Rent by 216.3% during the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,315 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at $91,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $39.40 on Friday. The firm has a 50 day moving average of $37.66 and a 200-day moving average of $36.62. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $40.21. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $14.43 billion, a PE ratio of 40.20, a PEG ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMH. Evercore ISI raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Keefe, Bruyette & Woods raised their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. UBS Group upped their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday. They set a “buy” rating and a $48.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

American Homes 4 Rent 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.