Edgestream Partners L.P. Grows Stock Holdings in American Homes 4 Rent (NYSE:AMH)

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

Several other institutional investors also recently bought and sold shares of AMH. V Square Quantitative Management LLC boosted its stake in shares of American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares during the period. Creative Planning boosted its stake in shares of American Homes 4 Rent by 2.4% in the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares during the period. Finally, US Bancorp DE boosted its stake in shares of American Homes 4 Rent by 3.3% in the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 478 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. 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 on the stock in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. UBS Group increased 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 note on Friday, August 16th. Finally, Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 0.9 %

AMH stock opened at $38.29 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The firm’s 50-day simple moving average is $37.74 and its 200 day simple moving average is $37.50. The stock has a market cap of $14.15 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 3.38 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $443.81 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

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.