Assetmark Inc. Buys 790 Shares of American Homes 4 Rent (NYSE:AMH)

Assetmark Inc. grew its stake in American Homes 4 Rent (NYSE:AMH) by 359.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,010 shares of the real estate investment trust’s stock after buying an additional 790 shares during the period. Assetmark Inc.’s holdings in American Homes 4 Rent were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMH. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter worth $44,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of American Homes 4 Rent during the third quarter valued at about $53,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Scotiabank reiterated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. 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. Keefe, Bruyette & Woods lowered their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Price Performance

AMH stock opened at $37.43 on Tuesday. The firm has a 50 day simple moving average of $38.14 and a two-hundred day simple moving average of $37.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $13.83 billion, a PE ratio of 38.99, a P/E/G ratio of 3.24 and a beta of 0.77. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

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.