Gateway Investment Advisers LLC sells shares of American Homes 4 Rent (NYSE:AMH)

Gateway Investment Advisers LLC reduced its stake in American Homes 4 Rent (NYSE:AMH – Free Report) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company owned 352,832 shares of the real estate investment trust after selling 10,311 shares during the same period. Gateway Investment Advisers LLC owned 0.10% of American Homes 4 Rent worth $13,111,000, according to its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their holdings of AMH. Vanguard Group Inc. increased its stake in American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust worth $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. Norges Bank bought a new position in American Homes 4 Rent in the fourth quarter valued at about $789,947,000. Principal Financial Group Inc. increased its stake in American Homes 4 Rent by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 17,007,767 shares of the real estate investment trust worth $611,599,000 after buying an additional 73,599 shares in the last quarter. Cohen & Steers Inc. increased its stake in American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust worth $318,755,000 after purchasing an additional 2,575,854 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in 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 worth $324,798,000 after purchasing an additional 507,307 shares in the last quarter. 91.87% of the shares are owned by institutional investors and hedge funds.

American Homes 4 Rent portfolio down 0.1%

American Homes 4 Rent stock traded $0.02 lower during midday trading on Friday, reaching $38.34. The company’s stock trading volume was 1,393,263 shares, compared to its average volume of 2,776,593. The company’s 50-day moving average is $36.50 and its 200-day moving average is $36.05. The company has a market cap of $14.04 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $38.91.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The real estate investment trust reported earnings per share of $0.25 for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The company posted revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same period last year, the company posted earnings per share of $0.41. The company’s revenue for the quarter increased 7.1% year-over-year. On average, analysts expect American Homes 4 Rent to report earnings per share of $1.74 for the current year.

Changes in analyst ratings

AMH has been the subject of several research reports. Scotiabank raised their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. Evercore ISI raised their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Finally, StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday. Six equities analysts have rated the stock with a “hold” rating and nine have given a “buy” rating. The stock has a consensus rating of “moderate buy” and a consensus price target of $39.86, according to MarketBeat.

Check out our latest stock analysis on American Homes 4 Rent

American Homes 4 Rent Company Profile

(Free report)

AMH (NYSE: AMH) is a leading integrated owner, operator and developer of large-scale single-family rental properties. We are 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 home rental experience and provide certainty to households across the country.