American Homes 4 Rent (AMH) Short Interest Update

American Homes 4 Rent (NYSE:AMH) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 8,371,491 shares, a growth of 97.4% from the February 15th total of 4,241,124 shares. Based on an average daily trading volume, of 2,588,381 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.3% of the shares of the stock are sold short.

In related news, insider Bryan Smith sold 4,544 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $22.62, for a total value of $102,785.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas N. Benham acquired 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 20th. The stock was purchased at an average cost of $21.00 per share, for a total transaction of $63,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 795,005 shares of company stock worth $17,898,157 over the last 90 days. Corporate insiders own 26.52% of the company’s stock.

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of American Homes 4 Rent by 16.3% during the fourth quarter. Geode Capital Management LLC now owns 3,498,653 shares of the real estate investment trust’s stock worth $69,448,000 after acquiring an additional 490,791 shares during the period. Norges Bank purchased a new position in shares of American Homes 4 Rent during the fourth quarter worth approximately $48,993,000. UBS Oconnor LLC increased its position in shares of American Homes 4 Rent by 40.5% during the fourth quarter. UBS Oconnor LLC now owns 138,400 shares of the real estate investment trust’s stock worth $2,747,000 after acquiring an additional 39,900 shares during the period. Thrivent Financial for Lutherans increased its position in shares of American Homes 4 Rent by 146.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 232,506 shares of the real estate investment trust’s stock worth $4,615,000 after acquiring an additional 138,106 shares during the period. Finally, Cipher Capital LP purchased a new position in shares of American Homes 4 Rent during the fourth quarter worth approximately $474,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, December 17th. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, February 26th. Finally, ValuEngine raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. American Homes 4 Rent has an average rating of “Buy” and an average target price of $23.71.

American Homes 4 Rent stock opened at $22.76 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 0.93. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $23.34. The stock has a market capitalization of $6.67 billion, a P/E ratio of 21.47, a PEG ratio of 1.80 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.22). American Homes 4 Rent had a return on equity of 1.83% and a net margin of 10.09%. The firm had revenue of $270.00 million during the quarter, compared to analysts’ expectations of $269.98 million. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts expect that American Homes 4 Rent will post 1.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 18.87%.

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About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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