Wright Investors Service Inc. Invests $476,000 in American Homes 4 Rent (NYSE:AMH)

Wright Investors Service Inc. acquired a new stake in American Homes 4 Rent (NYSE:AMH) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,395 shares of the real estate investment trust’s stock, valued at approximately $476,000.

Other institutional investors have also made changes to their positions in the company. Bank of Nova Scotia lifted its position in shares of American Homes 4 Rent by 103.2% during the 4th quarter. Bank of Nova Scotia now owns 15,667 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 7,956 shares during the last quarter. Goldman Sachs Group Inc. boosted its position 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 valued at $127,263,000 after acquiring an additional 1,574,295 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of American Homes 4 Rent by 2,733.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 34,511 shares of the real estate investment trust’s stock worth $1,241,000 after acquiring an additional 33,293 shares during the last quarter. Cibc World Markets Corp bought a new position in American Homes 4 Rent during the fourth quarter worth $4,118,000. Finally, Schroder Investment Management Group raised its stake in American Homes 4 Rent by 20.7% during the 4th quarter. Schroder Investment Management Group now owns 1,020,339 shares of the real estate investment trust’s stock valued at $36,691,000 after purchasing an additional 174,813 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Scotiabank restated 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. JPMorgan Chase & Co. upped their target price 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. UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Royal Bank of Canada increased their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.24 during trading hours on Friday, hitting $38.34. 2,026,864 shares of the company’s stock were exchanged, compared to its average volume of 2,615,433. The stock’s 50-day moving average is $38.79 and its 200-day moving average is $37.06. 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 52 week low of $31.36 and a 52 week high of $41.41. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $422.46 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is 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.