MQS Management LLC Buys New Shares in American Homes 4 Rent (NYSE:AMH)

MQS Management LLC purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,575 shares of the real estate investment trust’s stock, valued at approximately $867,000. American Homes 4 Rent makes up 0.5% of MQS Management LLC’s investment portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently added to or reduced their stakes in AMH. Maryland Capital Advisors Inc. purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth approximately $32,000. Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $44,000. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AMH shares. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Keefe, Bruyette & Woods reduced their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $42.00 in a report on Monday. Finally, Royal Bank of Canada increased their price target on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $37.34 on Wednesday. The business has a fifty day simple moving average of $38.28 and a two-hundred day simple moving average of $37.34. The firm has a market capitalization of $13.80 billion, a P/E ratio of 38.90, a P/E/G ratio of 3.10 and a beta of 0.77. 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 12 month low of $33.75 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. On average, equities analysts forecast that American Homes 4 Rent will post 1.77 earnings per share 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. Investors of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.79%. American Homes 4 Rent’s payout ratio is currently 108.33%.

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.