DekaBank Deutsche Girozentrale Increases Stake in American Homes 4 Rent (NYSE:AMH)

DekaBank Deutsche Girozentrale boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 272,536 shares of the real estate investment trust’s stock after purchasing an additional 12,820 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of American Homes 4 Rent worth $9,815,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $32,000. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $44,000. Opal Wealth Advisors LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $54,000. GAMMA Investing LLC grew its position in American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the last quarter. Finally, Quarry LP lifted its stake in American Homes 4 Rent by 216.3% during the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 1,315 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 0.4 %

AMH stock opened at $40.95 on Tuesday. The firm has a fifty day moving average price of $37.94 and a 200 day moving average price of $36.80. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $15.00 billion, a PE ratio of 41.69, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The business had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Sell-side analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Analysts Set New Price Targets

AMH has been the topic of several research analyst reports. Royal Bank of Canada upped their target price 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. JPMorgan Chase & Co. upped 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 note on Monday. UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Barclays lowered their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, Evercore ISI upped their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.