American Homes 4 Rent (NYSE:AMH) Short Interest Up 9.1% in November

American Homes 4 Rent (NYSE:AMH) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 8,410,000 shares, a growth 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 presently 3.9 days.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.04 on Wednesday, hitting $37.40. 509,732 shares of the company were exchanged, compared to its average volume of 2,519,140. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $37.65 and a 200 day moving average price of $37.52. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict 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 paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend 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%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently made changes to their positions in AMH. Tidal Investments LLC grew its stake in shares of American Homes 4 Rent by 39.4% in the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 4,649 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in American Homes 4 Rent in the 3rd quarter valued at about $762,000. TCW Group Inc. purchased a new stake in American Homes 4 Rent during the third quarter worth about $962,000. Toronto Dominion Bank lifted its position in shares of American Homes 4 Rent by 31.4% during the third quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust’s stock worth $1,590,000 after purchasing an additional 9,899 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of American Homes 4 Rent in the third quarter valued at approximately $1,456,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on AMH. JPMorgan Chase & Co. lifted their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Mizuho lifted their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target 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.