American Homes 4 Rent (NYSE:AMH) Sees Large Drop in Short Interest
American Homes 4 Rent (NYSE:AMH) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 3,728,100 shares, a decrease of 8.8% from the May 30th total of 4,085,600 shares. Based on an average trading volume of 2,020,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.5% of the company’s shares are short sold.
In related news, CEO David P. Singelyn sold 1,040,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $23.67, for a total transaction of $24,616,800.00. Following the completion of the sale, the chief executive officer now owns 100 shares of the company’s stock, valued at approximately $2,367. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephanie G. Heim sold 1,600 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $23.87, for a total transaction of $38,192.00. Following the sale, the executive vice president now directly owns 60,204 shares of the company’s stock, valued at approximately $1,437,069.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,334,878 shares of company stock worth $79,376,533. Insiders own 27.58% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Solstein Capital LLC bought a new stake in shares of American Homes 4 Rent during the first quarter valued at about $136,000. Stephens Inc. AR grew its holdings in American Homes 4 Rent by 18.0% during the first quarter. Stephens Inc. AR now owns 22,309 shares of the real estate investment trust’s stock worth $507,000 after acquiring an additional 3,396 shares during the period. HGI Capital Management LLC acquired a new position in American Homes 4 Rent during the first quarter worth about $5,659,000. FMR LLC grew its holdings in American Homes 4 Rent by 15.4% during the first quarter. FMR LLC now owns 9,322,298 shares of the real estate investment trust’s stock worth $211,803,000 after acquiring an additional 1,247,543 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in American Homes 4 Rent by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 113,289 shares of the real estate investment trust’s stock worth $2,572,000 after acquiring an additional 1,009 shares during the period. Hedge funds and other institutional investors own 87.25% of the company’s stock.
Shares of AMH stock traded up $0.19 during mid-day trading on Monday, reaching $25.66. 19,479 shares of the company were exchanged, compared to its average volume of 1,742,161. The company has a 50 day moving average price of $24.74. American Homes 4 Rent has a fifty-two week low of $18.91 and a fifty-two week high of $26.00. The company has a market capitalization of $7.63 billion, a P/E ratio of 24.08, a P/E/G ratio of 2.21 and a beta of 0.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.49.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.21). American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The firm had revenue of $279.20 million for the quarter, compared to the consensus estimate of $275.90 million. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, June 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 18.87%.
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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