ProShare Advisors LLC Cuts Stake in American Homes 4 Rent (NYSE:AMH)

ProShare Advisors LLC lowered its stake in American Homes 4 Rent (NYSE:AMH) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,176 shares of the real estate investment trust’s stock after selling 340 shares during the period. ProShare Advisors LLC’s holdings in American Homes 4 Rent were worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its holdings in American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after purchasing an additional 2,575,854 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of American Homes 4 Rent by 180.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after acquiring an additional 1,679,846 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of American Homes 4 Rent by 80.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after buying an additional 1,574,295 shares during the last quarter. Vanguard Group Inc. raised its position in American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after acquiring an additional 1,094,714 shares during the last quarter. Finally, PGGM Investments purchased a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $32,199,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH opened at $38.27 on Monday. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. 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 firm has a market cap of $14.02 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.32 and a beta of 0.76. The stock has a 50 day moving average of $38.55 and a 200-day moving average of $37.00.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current 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 issued a $0.26 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.72%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of recent research reports. The Goldman Sachs Group began 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. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Scotiabank reaffirmed an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Evercore ISI lifted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.