American Century Companies Inc. Sells 344,429 Shares of American Homes 4 Rent (NYSE:AMH)

American Century Companies Inc. cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 24.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,060,643 shares of the real estate investment trust’s stock after selling 344,429 shares during the period. American Century Companies Inc.’s holdings in American Homes 4 Rent were worth $39,413,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Texas Permanent School Fund Corp bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $10,238,000. Mutual of America Capital Management LLC bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $6,970,000. Los Angeles Capital Management LLC bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $5,711,000. Wells Fargo & Company MN raised its stake in shares of American Homes 4 Rent by 67.6% during the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $524,000. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 1.6 %

AMH stock opened at $40.29 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $14.76 billion, a PE ratio of 41.11, a PEG ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The stock has a 50-day simple moving average of $38.01 and a two-hundred day simple moving average of $36.83.

American Homes 4 Rent (NYSE:AMH) last issued 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). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Evercore ISI lifted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research note on Monday. Scotiabank restated an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday. Finally, StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.60.

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.