American Homes 4 Rent (NYSE:AMH) Stock Position Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in American Homes 4 Rent (NYSE:AMH) by 640.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,273 shares of the real estate investment trust’s stock after buying an additional 75,491 shares during the period. Edgestream Partners L.P.’s holdings in American Homes 4 Rent were worth $3,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMH. Cetera Advisors LLC boosted its position in shares of American Homes 4 Rent by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 2,674 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of American Homes 4 Rent by 3.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 259,716 shares of the real estate investment trust’s stock valued at $9,202,000 after purchasing an additional 8,723 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of American Homes 4 Rent by 84.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,868 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 1,311 shares in the last quarter. DNB Asset Management AS boosted its position in shares of American Homes 4 Rent by 15.7% during the 2nd quarter. DNB Asset Management AS now owns 52,729 shares of the real estate investment trust’s stock valued at $1,959,000 after purchasing an additional 7,153 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $8,132,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH opened at $38.29 on Monday. The firm has a market cap of $14.15 billion, a PE ratio of 39.89, a PEG ratio of 3.38 and a beta of 0.77. The firm’s 50 day moving average price is $37.74 and its 200 day moving average price is $37.50. 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 has a twelve month low of $33.75 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $443.81 million. During the same quarter last year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, 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. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.72%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analysts Set New Price Targets

AMH has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on shares of 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. UBS Group raised their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $42.00 in a 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, the company has a consensus rating of “Moderate Buy” and an average target price of $41.60.

About American Homes 4 Rent

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.