Tidal Investments LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The company owned 8,295 shares of the real estate investment trust after selling 2,163 shares during the quarter. Tidal Investments LLC’s holdings in American Homes 4 Rent were worth $305,000 at the end of the last quarter.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in American Homes 4 Rent by 2.5% in the 1st 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 during the same period. Norges Bank acquired a new stake in shares of 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 during the last quarter. Cohen & Steers Inc. increased its stake in American Homes 4 Rent by 41.0% in the 4th 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 during the same period. Finally, Price T Rowe Associates Inc. MD increased its stake in American Homes 4 Rent by 6.1% in the 1st 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 during the last quarter. 91.87% of the shares are currently owned by institutional investors.
Performance of American Homes 4 Rent shares
NYSE AMH traded $0.02 lower during midday trading on Friday, reaching $38.34. 1,393,263 shares traded hands, compared to an average volume of 2,776,593. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $38.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. 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 PEG ratio of 3.10 and a beta of 0.74.
American Homes 4 Rent (NYSE:AMH – Get Free Report) released its latest 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). The company had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent posted a return on equity of 4.91% and a net margin of 21.83%. American Homes 4 Rent’s revenue grew 7.1% year-over-year for the quarter. During the same period last year, the company posted earnings per share of $0.41. On average, equities analysts forecast that American Homes 4 Rent will post earnings per share of $1.74 for the current fiscal year.
Changes in analyst ratings
Several equities analysts have recently issued reports on AMH shares. Scotiabank raised their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 17. Evercore ISI raised their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 9. StockNews.com upgraded shares of American Homes 4 Rent from “sell” to “hold” in a research note on Saturday. Finally, Keefe, Bruyette & Woods increased 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 report on Monday, May 13. Six analysts have rated the stock with a hold rating and nine have given a buy rating. Based on data from MarketBeat, the stock has an average rating of “moderate buy” and an average price target of $39.86.
Read our latest stock analysis on American Homes 4 Rent
Profile of American Homes 4 Rent
(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.
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