Elo Mutual Pension Insurance Co Raises Holdings in American Homes 4 Rent (NYSE:AMH)

Elo Mutual Pension Insurance Co increased its holdings in American Homes 4 Rent (NYSE:AMH) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 32,254 shares of the real estate investment trust’s stock after acquiring an additional 2,533 shares during the period. Elo Mutual Pension Insurance Co’s holdings in American Homes 4 Rent were worth $1,199,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent in the second quarter worth approximately $32,000. Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent in the second quarter worth approximately $44,000. Opal Wealth Advisors LLC acquired a new position in American Homes 4 Rent during the second quarter worth $54,000. GAMMA Investing LLC lifted its stake in American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares in the last quarter. Finally, Quarry LP lifted its stake in American Homes 4 Rent by 216.3% during the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,315 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMH. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. 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. Finally, Evercore ISI increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $39.62 on Friday. The firm has a market capitalization of $14.51 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. The business’s fifty day moving average price is $38.26 and its 200 day moving average price is $36.91. 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.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS. On average, 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 Announces Dividend

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 issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s 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.