Advisors Asset Management Inc. Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

Advisors Asset Management Inc. grew its stake in American Homes 4 Rent (NYSE:AMH) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,589 shares of the real estate investment trust’s stock after buying an additional 596 shares during the period. Advisors Asset Management Inc.’s holdings in American Homes 4 Rent were worth $138,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Swedbank AB increased its stake in American Homes 4 Rent by 14.3% in the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock valued at $14,864,000 after acquiring an additional 50,000 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $632,000. Marshall Wace LLP purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $17,367,000. Catalyst Capital Advisors LLC purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $53,000. Finally, Easterly Investment Partners LLC lifted its position in American Homes 4 Rent by 96.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after buying an additional 122,048 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 0.9 %

NYSE:AMH opened at $38.29 on Friday. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $37.77 and a 200-day moving average price of $37.47. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 39.89, a P/E/G ratio of 3.41 and a beta of 0.77.

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

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Mizuho increased their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target for the company. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Finally, UBS Group increased their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

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.