Federated Hermes Inc. Acquires 5,690 Shares of American Homes 4 Rent (NYSE:AMH)

Federated Hermes Inc. grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,259 shares of the real estate investment trust’s stock after acquiring an additional 5,690 shares during the quarter. Federated Hermes Inc.’s holdings in American Homes 4 Rent were worth $1,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMH. GAMMA Investing LLC lifted its position in American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 314 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 357 shares in the last quarter. Quadrant Capital Group LLC increased its stake in American Homes 4 Rent by 15.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 369 shares during the last quarter. Finally, Atria Investments Inc raised its position in American Homes 4 Rent by 0.7% during the first quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock valued at $2,651,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMH shares. UBS Group upped their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 0.5 %

NYSE AMH opened at $39.62 on Friday. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The stock has a market capitalization of $14.51 billion, a PE ratio of 40.43, a PEG ratio of 3.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The business’s 50-day moving average is $38.26 and its 200 day moving average is $36.91.

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

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s payout ratio is currently 106.12%.

American Homes 4 Rent 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.