American Homes 4 Rent (NYSE:AMH) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 91.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 475,214 shares of the real estate investment trust’s stock after acquiring an additional 226,900 shares during the period. American Homes 4 Rent makes up 1.5% of Easterly Investment Partners LLC’s holdings, making the stock its 8th largest position. Easterly Investment Partners LLC owned 0.13% of American Homes 4 Rent worth $18,243,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMH. Vanguard Group Inc. lifted its stake in American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after buying an additional 1,094,714 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock valued at $324,798,000 after buying an additional 507,307 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American Homes 4 Rent by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after buying an additional 334,358 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of American Homes 4 Rent by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after acquiring an additional 37,757 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in American Homes 4 Rent by 1.5% in the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock valued at $137,181,000 after purchasing an additional 53,648 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMH shares. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Keefe, Bruyette & Woods dropped their price target 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 report on Wednesday. Mizuho lifted their price objective on shares of 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. UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.53.

American Homes 4 Rent Trading Up 1.7 %

Shares of NYSE:AMH traded up $0.64 during midday trading on Friday, hitting $37.37. 483,686 shares of the stock were exchanged, compared to its average volume of 2,566,519. The business’s 50-day moving average price is $38.43 and its 200 day moving average price is $37.29. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month 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 stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.92 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the prior year, the business earned $0.41 EPS. American Homes 4 Rent’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

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. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is 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.