Public Sector Pension Investment Board Has $1.23 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Public Sector Pension Investment Board reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 95.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,098 shares of the real estate investment trust’s stock after selling 672,793 shares during the period. Public Sector Pension Investment Board’s holdings in American Homes 4 Rent were worth $1,230,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $54,000. GAMMA Investing LLC raised 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 worth $57,000 after buying an additional 302 shares during the period. Finally, Quarry LP raised its holdings in shares of American Homes 4 Rent by 216.3% in the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 1,315 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Down 0.8 %

AMH stock opened at $38.09 on Wednesday. The company has a market cap of $13.95 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76. The business has a 50-day simple moving average of $38.58 and a 200 day simple moving average of $37.01. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The company had revenue of $423.50 million during 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% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMH shares. Scotiabank reiterated an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective 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. Evercore ISI lifted their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, UBS Group boosted their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and eleven have given 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 price target of $41.60.

American Homes 4 Rent Company 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.