Short Interest in American Homes 4 Rent (NYSE:AMH) Grows By 9.1%

American Homes 4 Rent (NYSE:AMH) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 8,410,000 shares, an increase of 9.1% from the October 31st total of 7,710,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after purchasing an additional 937,116 shares during the period. Dimensional Fund Advisors LP increased its holdings in American Homes 4 Rent by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after acquiring an additional 334,358 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in American Homes 4 Rent by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock worth $162,160,000 after acquiring an additional 62,367 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in American Homes 4 Rent by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after purchasing an additional 37,757 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of American Homes 4 Rent by 1.5% in the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock worth $137,181,000 after purchasing an additional 53,648 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AMH. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price objective 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. Scotiabank restated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Down 0.1 %

AMH stock traded down $0.04 during midday trading on Wednesday, hitting $37.40. The company’s stock had a trading volume of 509,732 shares, compared to its average volume of 2,519,140. The firm’s 50-day moving average is $37.65 and its 200-day moving average is $37.52. 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 has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a market cap of $13.82 billion, a PE ratio of 39.01, a P/E/G ratio of 3.32 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results 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). The business 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

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.