Massachusetts Financial Services Co. MA Trims Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Massachusetts Financial Services Co. MA decreased its position in American Homes 4 Rent (NYSE:AMH) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 3,900,356 shares of the real estate investment trust’s stock after selling 51,484 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in American Homes 4 Rent were worth $149,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent in the 3rd quarter worth about $25,000. UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 331.9% during the third 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 in the last quarter. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $32,000. Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMH shares. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. UBS Group increased their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. 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 report on Monday, November 11th. Finally, Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Up 0.1 %

Shares of AMH stock opened at $37.66 on Friday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The firm has a fifty day moving average price of $37.91 and a 200-day moving average price of $37.41. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 3.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.76%. American Homes 4 Rent’s payout ratio is presently 108.33%.

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.