American Homes 4 Rent (NYSE:AMH) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 7,848,470 shares, a drop of 29.6% from the August 31st total of 11,147,303 shares. Based on an average daily volume of 2,159,232 shares, the days-to-cover ratio is presently 3.6 days. Currently, 3.5% of the company’s stock are short sold.

A number of brokerages have recently commented on AMH. Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target for the company in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. FBR & Co reiterated a “buy” rating and issued a $26.00 price target on shares of American Homes 4 Rent in a research note on Friday, September 29th. Finally, TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. American Homes 4 Rent currently has a consensus rating of “Hold” and a consensus target price of $24.80.

American Homes 4 Rent (AMH) opened at 21.50 on Friday. The company has a 50 day moving average of $22.07 and a 200-day moving average of $22.60. The stock’s market cap is $5.60 billion. American Homes 4 Rent has a 12-month low of $19.63 and a 12-month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business had revenue of $237.00 million during the quarter, compared to analyst estimates of $236.28 million. During the same quarter last year, the company posted $0.25 EPS. American Homes 4 Rent’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that American Homes 4 Rent will post $0.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.93%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -181.82%.

In related news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of American Homes 4 Rent stock in a transaction dated Thursday, September 14th. The stock was purchased at an average cost of $21.84 per share, for a total transaction of $29,968,848.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.82% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its holdings in American Homes 4 Rent by 10.0% in the 2nd quarter. Legal & General Group Plc now owns 486,902 shares of the real estate investment trust’s stock worth $10,990,000 after buying an additional 44,152 shares during the period. Bank of Montreal Can increased its holdings in American Homes 4 Rent by 249.3% in the 2nd quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock worth $9,666,000 after buying an additional 305,641 shares during the period. Heartland Advisors Inc. increased its holdings in American Homes 4 Rent by 123.7% in the 2nd quarter. Heartland Advisors Inc. now owns 711,089 shares of the real estate investment trust’s stock worth $16,049,000 after buying an additional 393,182 shares during the period. Principal Financial Group Inc. increased its holdings in American Homes 4 Rent by 3.7% in the 2nd quarter. Principal Financial Group Inc. now owns 2,572,898 shares of the real estate investment trust’s stock worth $58,069,000 after buying an additional 92,216 shares during the period. Finally, First Trust Advisors LP increased its holdings in American Homes 4 Rent by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 158,325 shares of the real estate investment trust’s stock worth $3,573,000 after buying an additional 19,396 shares during the period. Institutional investors own 93.74% of the company’s stock.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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