Spouting Rock Asset Management LLC Sells 4,587 Shares of American Homes 4 Rent (NYSE:AMH)

Spouting Rock Asset Management LLC lowered its stake in American Homes 4 Rent (NYSE:AMHGet Rating) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,755 shares of the real estate investment trust’s stock after selling 4,587 shares during the period. Spouting Rock Asset Management LLC’s holdings in American Homes 4 Rent were worth $1,123,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in American Homes 4 Rent by 0.5% in the fourth quarter. Victory Capital Management Inc. now owns 6,556,437 shares of the real estate investment trust’s stock valued at $285,926,000 after acquiring an additional 33,981 shares during the period. Goldman Sachs Group Inc. raised its position in American Homes 4 Rent by 61.2% during the 3rd quarter. Goldman Sachs Group Inc. now owns 5,334,923 shares of the real estate investment trust’s stock valued at $203,368,000 after purchasing an additional 2,024,902 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Homes 4 Rent by 2.7% in the third quarter. Geode Capital Management LLC now owns 4,939,760 shares of the real estate investment trust’s stock worth $188,303,000 after acquiring an additional 131,199 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Homes 4 Rent by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,513,396 shares of the real estate investment trust’s stock worth $172,059,000 after acquiring an additional 17,566 shares in the last quarter. Finally, Invesco Ltd. lifted its position in American Homes 4 Rent by 32.7% during the third quarter. Invesco Ltd. now owns 4,418,197 shares of the real estate investment trust’s stock valued at $168,421,000 after buying an additional 1,087,938 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

NYSE AMH traded up $0.39 during trading hours on Thursday, reaching $35.93. 3,301,900 shares of the company’s stock were exchanged, compared to its average volume of 2,726,280. The company’s 50-day moving average is $39.72 and its two-hundred day moving average is $40.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.68 and a current ratio of 0.68. American Homes 4 Rent has a one year low of $34.79 and a one year high of $44.07. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 75.62, a price-to-earnings-growth ratio of 3.23 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $356.11 million during the quarter, compared to analysts’ expectations of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.13%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Research analysts predict that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. American Homes 4 Rent’s dividend payout ratio is currently 153.19%.

Several research analysts have recently issued reports on AMH shares. Jefferies Financial Group assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, April 20th. They issued a “buy” rating and a $48.00 target price on the stock. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, March 22nd. KeyCorp started coverage on American Homes 4 Rent in a report on Tuesday, February 1st. They issued a “sector weight” rating on the stock. Finally, Mizuho boosted their target price on American Homes 4 Rent from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $45.06.

In related news, Director Douglas N. Benham bought 1,275 shares of the company’s stock in a transaction on Tuesday, March 15th. The shares were acquired at an average cost of $25.41 per share, with a total value of $32,397.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.03% of the stock is owned by insiders.

American Homes 4 Rent Profile (Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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