Heitman Real Estate Securities LLC Reduces Holdings in American Homes 4 Rent (NYSE:AMH)

Heitman Real Estate Securities LLC decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 21.1% in the third quarter, Holdings Channel reports. The fund owned 1,272,309 shares of the real estate investment trust’s stock after selling 340,712 shares during the period. American Homes 4 Rent accounts for approximately 2.7% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 13th largest holding. Heitman Real Estate Securities LLC’s holdings in American Homes 4 Rent were worth $48,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cetera Advisors LLC increased its position in shares of American Homes 4 Rent by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 2,674 shares during the last quarter. GAMMA Investing LLC grew its position in shares of American Homes 4 Rent by 84.2% during the second quarter. GAMMA Investing LLC now owns 2,868 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 1,311 shares in the last quarter. DNB Asset Management AS increased its stake in shares of American Homes 4 Rent by 15.7% during the second quarter. DNB Asset Management AS now owns 52,729 shares of the real estate investment trust’s stock worth $1,959,000 after buying an additional 7,153 shares during the period. Manning & Napier Advisors LLC acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $8,132,000. Finally, Opal Wealth Advisors LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 1.6 %

Shares of NYSE AMH opened at $37.69 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $37.69 and a 200 day moving average price of $37.51. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78.

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

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is currently 108.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMH shares. Keefe, Bruyette & Woods dropped their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price 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 raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

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.