MQS Management LLC Makes New $867,000 Investment in American Homes 4 Rent (NYSE:AMH)

MQS Management LLC bought a new stake in American Homes 4 Rent (NYSE:AMH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,575 shares of the real estate investment trust’s stock, valued at approximately $867,000. American Homes 4 Rent makes up approximately 0.5% of MQS Management LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the third quarter worth $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% in the 3rd 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 last quarter. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent during the second quarter valued at about $32,000. Assetmark Inc. grew its position in American Homes 4 Rent by 359.1% during the third 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. purchased a new stake in American Homes 4 Rent during the second quarter worth about $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $37.34 on Wednesday. The firm’s 50 day simple moving average is $38.28 and its 200 day simple moving average is $37.34. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The firm has a market capitalization of $13.80 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly 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 firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMH shares. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the company from $41.00 to $42.00 in a research report on Monday. Keefe, Bruyette & Woods dropped their price objective on 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. Wells Fargo & Company raised 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 research report on Monday, August 26th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target 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.