BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Stock Position in American Homes 4 Rent (NYSE:AMH)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 783.3% during the third quarter, Holdings Channel reports. The firm owned 1,107,227 shares of the real estate investment trust’s stock after acquiring an additional 981,872 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in American Homes 4 Rent were worth $42,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PGGM Investments bought a new stake in shares of American Homes 4 Rent in the 1st quarter worth approximately $32,199,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 acquiring an additional 507,307 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of American Homes 4 Rent in the second quarter worth approximately $17,367,000. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of American Homes 4 Rent by 39.3% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock worth $53,420,000 after purchasing an additional 405,468 shares during the period. Finally, Retirement Systems of Alabama grew its position in American Homes 4 Rent by 95.7% during the second quarter. Retirement Systems of Alabama now owns 781,684 shares of the real estate investment trust’s stock valued at $29,047,000 after purchasing an additional 382,294 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $37.64 on Friday. The company has a market capitalization of $13.91 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 3.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company’s fifty day moving average price is $38.04 and its 200 day moving average price is $37.40.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. American Homes 4 Rent’s payout ratio is 108.33%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMH. 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 price target on the stock. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods dropped their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.60.

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.