American Homes 4 Rent (NYSE:AMH) Stake Increased by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 23.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,564 shares of the real estate investment trust’s stock after buying an additional 7,050 shares during the quarter. Metis Global Partners LLC’s holdings in American Homes 4 Rent were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AMH. KBC Group NV boosted its position in American Homes 4 Rent by 553.0% during the 3rd quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock worth $14,543,000 after acquiring an additional 320,805 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of American Homes 4 Rent by 26.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 264,802 shares of the real estate investment trust’s stock worth $10,166,000 after purchasing an additional 56,158 shares during the period. MQS Management LLC purchased a new position in American Homes 4 Rent during the third quarter valued at approximately $867,000. Aptus Capital Advisors LLC increased its stake in American Homes 4 Rent by 15.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 102,536 shares of the real estate investment trust’s stock valued at $3,936,000 after buying an additional 13,649 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $552,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Finally, Mizuho lifted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.60 on Friday. The stock has a 50-day simple moving average of $38.17 and a 200 day simple moving average of $37.37. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The stock has a market capitalization of $13.89 billion, a PE ratio of 39.17, a P/E/G ratio of 3.27 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same period in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

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 given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 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.