Hsbc Holdings PLC Has $10.96 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Hsbc Holdings PLC increased its position in American Homes 4 Rent (NYSE:AMH) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,116 shares of the real estate investment trust’s stock after purchasing an additional 37,001 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of American Homes 4 Rent worth $10,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMH. UBS Group AG grew its position in shares of American Homes 4 Rent by 1,588.1% during the 4th quarter. UBS Group AG now owns 292,311 shares of the real estate investment trust’s stock worth $10,512,000 after buying an additional 274,995 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of American Homes 4 Rent by 67.6% during the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after purchasing an additional 331,168 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in American Homes 4 Rent by 1.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 437,870 shares of the real estate investment trust’s stock worth $15,746,000 after buying an additional 8,030 shares during the period. Connable Office Inc. bought a new position in American Homes 4 Rent in the fourth quarter valued at approximately $210,000. Finally, TD Asset Management Inc boosted its holdings in shares of American Homes 4 Rent by 18.9% in the fourth quarter. TD Asset Management Inc now owns 98,669 shares of the real estate investment trust’s stock valued at $3,548,000 after buying an additional 15,664 shares during the period. 91.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMH. Scotiabank reiterated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price for the company. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday. Barclays reduced their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $39.96 on Tuesday. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41. The stock has a market capitalization of $14.64 billion, a P/E ratio of 40.78, a PEG ratio of 3.35 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $38.34 and its 200 day moving average is $36.94.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results 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). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s dividend 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.