Quantinno Capital Management LP Sells 855 Shares of American Homes 4 Rent (NYSE:AMH)

Quantinno Capital Management LP decreased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,645 shares of the real estate investment trust’s stock after selling 855 shares during the quarter. Quantinno Capital Management LP’s holdings in American Homes 4 Rent were worth $447,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP acquired a new stake in American Homes 4 Rent during the third quarter worth about $66,000. Investment Management Corp of Ontario lifted its position in shares of American Homes 4 Rent by 49.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 10,894 shares of the real estate investment trust’s stock worth $418,000 after acquiring an additional 3,600 shares during the period. Janus Henderson Group PLC grew its holdings in shares of American Homes 4 Rent by 2,150.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock worth $74,276,000 after purchasing an additional 1,849,020 shares in the last quarter. Centiva Capital LP increased its position in shares of American Homes 4 Rent by 3.2% during the third quarter. Centiva Capital LP now owns 64,991 shares of the real estate investment trust’s stock valued at $2,495,000 after purchasing an additional 2,024 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of American Homes 4 Rent by 26.3% in the third quarter. Benjamin Edwards Inc. now owns 22,456 shares of the real estate investment trust’s stock valued at $862,000 after purchasing an additional 4,682 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMH shares. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Mizuho lifted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.56.

American Homes 4 Rent Price Performance

AMH opened at $37.37 on Friday. 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’s 50 day simple moving average is $37.52 and its 200-day simple moving average is $37.58. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The stock has a market capitalization of $13.81 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 earnings per share. Sell-side analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Douglas N. Benham acquired 3,286 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

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.