Corbyn Investment Management Inc. MD Sells 1,584 Shares of American Homes 4 Rent (NYSE:AMH)

Corbyn Investment Management Inc. MD decreased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,717 shares of the real estate investment trust’s stock after selling 1,584 shares during the period. American Homes 4 Rent comprises 1.5% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 26th largest holding. Corbyn Investment Management Inc. MD’s holdings in American Homes 4 Rent were worth $3,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC raised its stake in American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares during the period. Advisors Asset Management Inc. increased its position in American Homes 4 Rent by 12.5% during the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 314 shares during the last quarter. Creative Planning lifted its holdings in American Homes 4 Rent by 2.4% in the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 330 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 357 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the subject of several research reports. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Scotiabank reissued 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. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Up 0.2 %

Shares of AMH opened at $37.60 on Monday. The business’s 50 day moving average is $38.17 and its 200 day moving average is $37.38. 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 capitalization of $13.89 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 3.24 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its earnings results 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 company had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. American Homes 4 Rent’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. Research analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

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.