Amalgamated Bank Decreases Position in American Homes 4 Rent (NYSE:AMH)

Amalgamated Bank lowered its stake in shares of American Homes 4 Rent (NYSE:AMH) by 6.3% during the second quarter, Holdings Channel reports. The fund owned 163,659 shares of the real estate investment trust’s stock after selling 11,007 shares during the period. Amalgamated Bank’s holdings in American Homes 4 Rent were worth $6,082,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMH. V Square Quantitative Management LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the 2nd quarter valued at about $44,000. Opal Wealth Advisors LLC acquired a new position in shares of American Homes 4 Rent during the second quarter worth about $54,000. GAMMA Investing LLC increased its stake in shares of American Homes 4 Rent by 24.1% during the first 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 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 acquiring an additional 1,315 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays dropped their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Royal Bank of Canada upped their price objective on 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. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, UBS Group upped their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $39.62 on Friday. The firm’s fifty day simple moving average is $38.26 and its 200-day simple moving average is $36.91. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 3.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $422.46 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.62%. American Homes 4 Rent’s payout ratio is 106.12%.

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.