Oppenheimer Asset Management Inc. Buys 56,158 Shares of American Homes 4 Rent (NYSE:AMH)

Oppenheimer Asset Management Inc. lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 26.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 264,802 shares of the real estate investment trust’s stock after acquiring an additional 56,158 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $10,166,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AMH. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 2.5% during the first 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. PGGM Investments bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $32,199,000. Price T Rowe Associates Inc. MD raised its holdings in American Homes 4 Rent by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after acquiring an additional 507,307 shares during the period. Marshall Wace LLP bought a new stake in American Homes 4 Rent during the second quarter valued at about $17,367,000. Finally, American International Group Inc. increased its stake in shares of American Homes 4 Rent by 15,281.0% in the first 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. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

AMH opened at $37.96 on Thursday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $14.03 billion, a PE ratio of 39.54, a P/E/G ratio of 3.22 and a beta of 0.77. The company has a fifty day moving average price of $38.25 and a two-hundred day moving average price of $37.35.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share 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 analyst estimates 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced 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 is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.74%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMH. UBS Group raised their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Scotiabank restated an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $42.00 in a report on Monday. Finally, Royal Bank of Canada increased their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

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.