BNP Paribas Financial Markets Buys 242,043 Shares of American Homes 4 Rent (NYSE:AMH)

BNP Paribas Financial Markets raised its stake in shares of American Homes 4 Rent (NYSE:AMH) by 112.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 457,513 shares of the real estate investment trust’s stock after purchasing an additional 242,043 shares during the period. BNP Paribas Financial Markets owned 0.12% of American Homes 4 Rent worth $17,564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Swedbank AB boosted its stake in American Homes 4 Rent by 14.3% during the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock valued at $14,864,000 after buying an additional 50,000 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of American Homes 4 Rent in the second quarter valued at $632,000. Marshall Wace LLP bought a new stake in American Homes 4 Rent in the second quarter worth $17,367,000. Catalyst Capital Advisors LLC bought a new stake in American Homes 4 Rent in the third quarter worth $53,000. Finally, Easterly Investment Partners LLC raised its stake in American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock valued at $9,227,000 after purchasing an additional 122,048 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $38.29 on Friday. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.77. The firm has a 50-day moving average of $37.74 and a two-hundred day moving average of $37.49. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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 return on equity of 4.76% and a net margin of 21.51%. The firm 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 business earned $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced 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. 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 payout ratio is 108.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMH shares. JPMorgan Chase & Co. boosted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Mizuho lifted their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.