Aptus Capital Advisors LLC Boosts Stake in American Homes 4 Rent (NYSE:AMH)

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

A number of other hedge funds have also added to or reduced their stakes in AMH. Mirae Asset Global Investments Co. Ltd. bought a new position in American Homes 4 Rent in the 1st quarter worth about $524,000. SG Americas Securities LLC grew its stake in American Homes 4 Rent by 17.5% in the 1st quarter. SG Americas Securities LLC now owns 47,738 shares of the real estate investment trust’s stock worth $1,756,000 after acquiring an additional 7,106 shares in the last quarter. ProShare Advisors LLC bought a new position in American Homes 4 Rent in the 1st quarter worth about $571,000. State Board of Administration of Florida Retirement System grew its stake in American Homes 4 Rent by 2.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 290,334 shares of the real estate investment trust’s stock worth $10,678,000 after acquiring an additional 7,572 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in American Homes 4 Rent by 8.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371,928 shares of the real estate investment trust’s stock worth $13,680,000 after acquiring an additional 29,727 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMH has been the topic of a number of research analyst reports. Mizuho upped their target price 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. 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. Keefe, Bruyette & Woods dropped 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. Royal Bank of Canada increased their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Up 1.7 %

NYSE:AMH opened at $37.96 on Thursday. The firm has a 50 day moving average of $38.25 and a 200 day moving average of $37.35. The stock has a market capitalization of $14.03 billion, a price-to-earnings 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.

American Homes 4 Rent (NYSE:AMH) last posted 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 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 company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. As a group, sell-side analysts anticipate 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. Shareholders 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 2.74%. American Homes 4 Rent’s dividend 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.