American Homes 4 Rent (NYSE:AMH) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in American Homes 4 Rent (NYSE:AMH) by 28.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,697 shares of the real estate investment trust’s stock after purchasing an additional 37,915 shares during the period. Tectonic Advisors LLC’s holdings in American Homes 4 Rent were worth $6,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AMH. Park Avenue Securities LLC raised its position in American Homes 4 Rent by 11.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,314 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 1,051 shares in the last quarter. State of Michigan Retirement System acquired a new stake in shares of American Homes 4 Rent during the 1st quarter worth about $2,873,000. Naviter Wealth LLC raised its position in shares of American Homes 4 Rent by 2.7% during the 1st quarter. Naviter Wealth LLC now owns 20,157 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 523 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of American Homes 4 Rent by 4.9% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 35,960 shares of the real estate investment trust’s stock worth $1,323,000 after acquiring an additional 1,692 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of American Homes 4 Rent by 22.1% during the 1st quarter. State of Alaska Department of Revenue now owns 193,354 shares of the real estate investment trust’s stock worth $7,110,000 after acquiring an additional 35,030 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 1.0 %

Shares of AMH stock opened at $38.64 on Friday. The business’s 50 day moving average is $38.87 and its two-hundred day moving average is $37.22. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a market capitalization of $14.15 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.69%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMH shares. Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. 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 target price on the stock. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday. Evercore ISI raised their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Mizuho raised their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

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.