20,896 Shares in American Homes 4 Rent (NYSE:AMH) Bought by FORA Capital LLC

FORA Capital LLC bought a new stake in American Homes 4 Rent (NYSE:AMH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,896 shares of the real estate investment trust’s stock, valued at approximately $802,000.

Several other hedge funds also recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the 3rd quarter worth $25,000. UMB Bank n.a. lifted its position in American Homes 4 Rent by 331.9% during the 3rd 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 during the last quarter. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent during the second quarter valued at about $32,000. Assetmark Inc. grew its position in shares of American Homes 4 Rent by 359.1% in the third 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 during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent in the second quarter worth about $44,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $38.62 on Friday. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month 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. The stock’s 50-day simple moving average is $37.79 and its 200 day simple moving average is $37.46. The firm has a market capitalization of $14.27 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Wall Street Analyst Weigh In

Several research analysts have commented on AMH shares. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Royal Bank of Canada upped 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. UBS Group raised their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods cut their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. increased their target price 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. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.