Verition Fund Management LLC Decreases Position in American Homes 4 Rent (NYSE:AMH)

Verition Fund Management LLC lessened its position in American Homes 4 Rent (NYSE:AMH) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,970 shares of the real estate investment trust’s stock after selling 49,066 shares during the period. Verition Fund Management LLC owned about 0.06% of American Homes 4 Rent worth $8,329,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vinva Investment Management Ltd purchased a new stake in shares of American Homes 4 Rent during the third quarter valued at $1,021,000. Public Sector Pension Investment Board lifted its stake in American Homes 4 Rent by 29.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 42,936 shares of the real estate investment trust’s stock valued at $1,648,000 after acquiring an additional 9,838 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of American Homes 4 Rent by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust’s stock valued at $108,546,000 after acquiring an additional 110,586 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Homes 4 Rent by 51.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 636,212 shares of the real estate investment trust’s stock worth $24,424,000 after acquiring an additional 217,492 shares during the period. Finally, FORA Capital LLC purchased a new position in shares of American Homes 4 Rent during the third quarter valued at approximately $802,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 0.9 %

Shares of American Homes 4 Rent stock opened at $38.29 on Monday. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $14.15 billion, a P/E ratio of 39.89, a P/E/G ratio of 3.38 and a beta of 0.77. The company has a fifty day moving average of $37.74 and a 200 day moving average of $37.50.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Royal Bank of Canada raised their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Company 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.