American Homes 4 Rent (NYSE:AMH) Shares Purchased by Creative Planning

Creative Planning boosted its holdings in American Homes 4 Rent (NYSE:AMH) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,181 shares of the real estate investment trust’s stock after purchasing an additional 330 shares during the quarter. Creative Planning’s holdings in American Homes 4 Rent were worth $544,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new position in shares of American Homes 4 Rent during the third quarter valued at $317,000. Exchange Traded Concepts LLC boosted its holdings in shares of American Homes 4 Rent by 556.1% during the third quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock valued at $842,000 after acquiring an additional 18,586 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of American Homes 4 Rent by 548.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,103 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 7,700 shares in the last quarter. UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 331.9% during 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. Finally, Azzad Asset Management Inc. ADV raised its stake in shares of American Homes 4 Rent by 4.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 38,809 shares of the real estate investment trust’s stock valued at $1,490,000 after purchasing an additional 1,627 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE AMH opened at $35.41 on Wednesday. The stock’s 50-day moving average price is $38.61 and its two-hundred day moving average price is $37.30. 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 market cap of $12.98 billion, a PE ratio of 36.89, a PEG ratio of 2.90 and a beta of 0.77. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. American Homes 4 Rent’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, 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 was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.94%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective 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. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted 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. Evercore ISI cut their price objective on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Finally, Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.