Masterton Capital Management LP Invests $12.85 Million in American Homes 4 Rent (NYSE:AMH)

Masterton Capital Management LP purchased a new stake in American Homes 4 Rent (NYSE:AMH) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 345,894 shares of the real estate investment trust’s stock, valued at approximately $12,853,000. American Homes 4 Rent comprises about 9.2% of Masterton Capital Management LP’s investment portfolio, making the stock its 4th biggest position. Masterton Capital Management LP owned about 0.09% of American Homes 4 Rent at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMH. Cohen & Steers Inc. boosted its stake in shares of 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 buying an additional 2,575,854 shares during the period. Balyasny Asset Management L.P. raised its stake in American Homes 4 Rent by 180.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock valued at $93,848,000 after acquiring an additional 1,679,846 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of American Homes 4 Rent by 80.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock valued at $127,263,000 after purchasing an additional 1,574,295 shares during the last quarter. 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 valued at $1,679,868,000 after purchasing an additional 1,094,714 shares during the period. Finally, PGGM Investments purchased a new stake in shares of American Homes 4 Rent during the first quarter worth approximately $32,199,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMH shares. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday. Scotiabank reiterated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. UBS Group raised their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Up 0.9 %

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

American Homes 4 Rent (NYSE:AMH) last released its quarterly 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). The company had revenue of $423.50 million for 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 business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Equities analysts expect that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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