American Homes 4 Rent (NYSE:AMH) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 6,622,389 shares, a drop of 30.9% from the October 14th total of 9,584,655 shares. Based on an average daily trading volume, of 1,542,041 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.1% of the company’s shares are sold short.

In related news, Director Tamara Hughes Gustavson acquired 80,681 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were bought at an average cost of $20.55 per share, with a total value of $1,657,994.55. Following the completion of the transaction, the director now directly owns 12,972,446 shares of the company’s stock, valued at approximately $266,583,765.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bryan Smith sold 12,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $21.70, for a total value of $260,400.00. The disclosure for this sale can be found here. 23.31% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its position in American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the company’s stock worth $116,000 after buying an additional 21 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in American Homes 4 Rent during the third quarter worth $147,000. Tower Research Capital LLC TRC purchased a new position in American Homes 4 Rent during the third quarter worth $192,000. Profund Advisors LLC purchased a new position in American Homes 4 Rent during the second quarter worth $215,000. Finally, Reliance Trust Co. of Delaware purchased a new position in American Homes 4 Rent during the third quarter worth $215,000. 76.99% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent (NYSE:AMH) opened at 20.99 on Wednesday. The company has a 50-day moving average price of $20.75 and a 200-day moving average price of $20.49. American Homes 4 Rent has a 1-year low of $13.16 and a 1-year high of $22.99. The firm’s market capitalization is $5.00 billion.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The firm earned $236.10 million during the quarter, compared to analysts’ expectations of $49.46 million. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. American Homes 4 Rent’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities research analysts predict that American Homes 4 Rent will post $0.97 earnings per share for the current fiscal year.

Several research analysts have commented on AMH shares. Zacks Investment Research raised American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, October 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $20.00 price objective (up from $19.00) on shares of American Homes 4 Rent in a research report on Saturday, August 13th. JMP Securities assumed coverage on American Homes 4 Rent in a research report on Tuesday, October 11th. They issued an “outperform” rating on the stock. FBR & Co reaffirmed an “outperform” rating on shares of American Homes 4 Rent in a research report on Friday, September 23rd. Finally, Zelman & Associates raised American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. American Homes 4 Rent currently has a consensus rating of “Buy” and an average price target of $23.60.

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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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