New York State Teachers Retirement System Sells 1,300 Shares of American Homes 4 Rent (NYSE:AMH)

New York State Teachers Retirement System decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 1.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,091 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. New York State Teachers Retirement System’s holdings in American Homes 4 Rent were worth $3,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 2.5% during the 1st 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 in the last quarter. PGGM Investments purchased a new stake in shares of American Homes 4 Rent during the first quarter worth about $32,199,000. Price T Rowe Associates Inc. MD raised its holdings in shares of American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after buying an additional 507,307 shares during the last quarter. Marshall Wace LLP acquired a new stake in American Homes 4 Rent during the 2nd quarter worth about $17,367,000. Finally, American International Group Inc. grew its stake in American Homes 4 Rent by 15,281.0% during the 1st quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock valued at $15,489,000 after purchasing an additional 418,393 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Up 2.7 %

Shares of NYSE AMH opened at $36.37 on Thursday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $13.33 billion, a P/E ratio of 37.89, a P/E/G ratio of 2.90 and a beta of 0.77. The company has a 50 day simple moving average of $38.48 and a 200-day simple moving average of $37.29.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same period last year, the firm posted $0.41 earnings per share. American Homes 4 Rent’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors 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 2.86%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Analysts Set New Price Targets

Several analysts have commented on AMH shares. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada upped their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Evercore ISI decreased their target price on American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group boosted their target price on shares of 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.53.

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.