Daiwa Securities Group Inc. Cuts Stake in American Homes 4 Rent (NYSE:AMH)

Daiwa Securities Group Inc. cut its position in American Homes 4 Rent (NYSE:AMH) by 46.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 130,162 shares of the real estate investment trust’s stock after selling 110,743 shares during the period. Daiwa Securities Group Inc.’s holdings in American Homes 4 Rent were worth $4,997,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its stake in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth $32,000. Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the second quarter valued at $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 0.7 %

American Homes 4 Rent stock opened at $38.30 on Wednesday. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 3.25 and a beta of 0.77. The firm has a 50 day moving average of $37.85 and a 200 day moving average of $37.44. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

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 the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million for 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target 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. Finally, Mizuho upped their price objective on 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. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.60.

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.