Foresight Group Ltd Liability Partnership Acquires 5,126 Shares of American Homes 4 Rent (NYSE:AMH)

Foresight Group Ltd Liability Partnership boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,409 shares of the real estate investment trust’s stock after buying an additional 5,126 shares during the period. American Homes 4 Rent makes up about 1.4% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 14th largest holding. Foresight Group Ltd Liability Partnership’s holdings in American Homes 4 Rent were worth $3,285,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp bought a new stake in American Homes 4 Rent during the first quarter worth about $10,238,000. Mutual of America Capital Management LLC bought a new stake in American Homes 4 Rent during the first quarter worth about $6,970,000. Los Angeles Capital Management LLC bought a new stake in American Homes 4 Rent during the first quarter worth about $5,711,000. Wells Fargo & Company MN lifted its stake in American Homes 4 Rent by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in American Homes 4 Rent during the first quarter worth about $524,000. Institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

AMH has been the subject of several research analyst reports. UBS Group lifted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Evercore ISI lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a report on Monday. Barclays decreased their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Down 1.6 %

NYSE AMH opened at $39.66 on Thursday. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $36.87. The stock has a market cap of $14.53 billion, a P/E ratio of 40.47, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). The business had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. On average, analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is presently 106.12%.

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.