Brown Brothers Harriman & Co. Boosts Position in American Homes 4 Rent (NYSE:AMH)

Brown Brothers Harriman & Co. lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 136.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the real estate investment trust’s stock after acquiring an additional 3,400 shares during the period. Brown Brothers Harriman & Co.’s holdings in American Homes 4 Rent were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Loomis Sayles & Co. L P increased its position in shares of American Homes 4 Rent by 3,136.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,474 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $630,000. Swedbank AB increased its position in shares of American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after purchasing an additional 100,000 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $703,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of American Homes 4 Rent by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock worth $162,160,000 after purchasing an additional 62,367 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH stock opened at $38.61 on Thursday. The business has a 50 day moving average price of $37.81 and a 200 day moving average price of $37.46. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 3.28 and a beta of 0.77. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 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 Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMH shares. The Goldman Sachs Group started coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Mizuho lifted their target price on 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. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent 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.