Fmr LLC Boosts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Fmr LLC lifted its stake in American Homes 4 Rent (NYSE:AMH) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,225,592 shares of the real estate investment trust’s stock after buying an additional 937,116 shares during the period. Fmr LLC’s holdings in American Homes 4 Rent were worth $315,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMH. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter worth approximately $25,000. UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the period. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. boosted its position in American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent in the 2nd quarter worth $44,000. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on AMH shares. Royal Bank of Canada raised their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Scotiabank reiterated an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. UBS Group upped their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Finally, The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $38.29 on Friday. The company has a 50 day simple moving average of $37.74 and a two-hundred day simple moving average of $37.49. 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 market capitalization of $14.15 billion, a price-to-earnings ratio of 39.89, a P/E/G ratio of 3.41 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.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that American Homes 4 Rent will post 1.77 EPS 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. Investors of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

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.