Dimensional Fund Advisors LP Acquires 334,358 Shares of American Homes 4 Rent (NYSE:AMH)

Dimensional Fund Advisors LP grew its position in shares of American Homes 4 Rent (NYSE:AMH) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,935,560 shares of the real estate investment trust’s stock after purchasing an additional 334,358 shares during the period. Dimensional Fund Advisors LP owned about 1.35% of American Homes 4 Rent worth $183,403,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMH. Cohen & Steers Inc. lifted its stake in American Homes 4 Rent by 41.0% during the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after purchasing an additional 2,575,854 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of American Homes 4 Rent by 180.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after buying an additional 1,679,846 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of American Homes 4 Rent by 80.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after buying an additional 1,574,295 shares during the period. Vanguard Group Inc. increased its holdings in shares of American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares during the period. Finally, PGGM Investments purchased a new position in shares of American Homes 4 Rent in the first quarter worth about $32,199,000. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

AMH has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective on the stock. UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Barclays reduced their price target 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. Evercore ISI boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a report on Monday. Finally, Scotiabank restated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $39.81 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average price is $38.18 and its 200-day moving average price is $36.89. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. The stock has a market cap of $14.58 billion, a P/E ratio of 40.62, a P/E/G ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.26 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.61%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

About American Homes 4 Rent

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.