Aptus Capital Advisors LLC Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

Aptus Capital Advisors LLC increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 15.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,536 shares of the real estate investment trust’s stock after purchasing an additional 13,649 shares during the period. Aptus Capital Advisors LLC’s holdings in American Homes 4 Rent were worth $3,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AMH. Mirae Asset Global Investments Co. Ltd. bought a new stake in American Homes 4 Rent in the 1st quarter worth approximately $524,000. CANADA LIFE ASSURANCE Co grew its position in American Homes 4 Rent by 40.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 599,777 shares of the real estate investment trust’s stock worth $22,056,000 after purchasing an additional 173,015 shares during the period. American International Group Inc. grew its position in American Homes 4 Rent by 15,281.0% in the 1st quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock worth $15,489,000 after purchasing an additional 418,393 shares during the period. Vanguard Group Inc. grew its position in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares during the period. Finally, Clearbridge Investments LLC grew its position in American Homes 4 Rent by 2.0% in the 1st quarter. Clearbridge Investments LLC now owns 1,892,857 shares of the real estate investment trust’s stock worth $69,619,000 after purchasing an additional 37,862 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AMH. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. UBS Group boosted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $42.00 in a research report on Monday. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Stock Up 1.7 %

Shares of AMH stock opened at $37.96 on Thursday. The stock has a market cap of $14.03 billion, a P/E ratio of 39.54, a PEG ratio of 3.22 and a beta of 0.77. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $38.25 and its two-hundred day simple moving average is $37.35.

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). The company had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. Analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

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 paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is currently 108.33%.

American Homes 4 Rent 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.