Aigen Investment Management LP Buys New Shares in American Homes 4 Rent (NYSE:AMH)

Aigen Investment Management LP purchased a new position in American Homes 4 Rent (NYSE:AMH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,366 shares of the real estate investment trust’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC lifted its stake in shares of American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 314 shares in the last quarter. Creative Planning increased its position in shares of American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $37.96 on Thursday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The stock has a market capitalization of $14.03 billion, a PE ratio of 39.54, a PEG ratio of 3.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s fifty day moving average is $38.25 and its 200-day moving average is $37.35.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results 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%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMH. Keefe, Bruyette & Woods decreased 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 note on Wednesday, November 6th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. 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. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Company 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.