Waterfall Asset Management LLC Makes New $743,000 Investment in American Homes 4 Rent (NYSE:AMH)

Waterfall Asset Management LLC bought a new position in American Homes 4 Rent (NYSE:AMH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the real estate investment trust’s stock, valued at approximately $743,000. American Homes 4 Rent makes up about 0.5% of Waterfall Asset Management LLC’s portfolio, making the stock its 20th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of American Homes 4 Rent by 25.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,895 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 2,220 shares during the period. Quadrant Capital Group LLC lifted its position in shares of American Homes 4 Rent by 15.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 369 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of American Homes 4 Rent by 84.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 918,067 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 419,385 shares during the period. UBS Group AG lifted its position in shares of American Homes 4 Rent by 1,588.1% in the 4th quarter. UBS Group AG now owns 292,311 shares of the real estate investment trust’s stock worth $10,512,000 after purchasing an additional 274,995 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of American Homes 4 Rent by 67.6% in the 4th 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 period. 91.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. JPMorgan Chase & Co. increased their target price 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. Evercore ISI increased their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Trading Down 0.5 %

NYSE AMH opened at $39.62 on Friday. The company has a fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $36.91. The stock has a market cap of $14.51 billion, a P/E ratio of 40.43, a P/E/G ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

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 analysts’ consensus estimates of $0.43 by ($0.18). The business had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. American Homes 4 Rent’s 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.