American Homes 4 Rent (NYSE:AMH) Holdings Raised by Quest Partners LLC

Quest Partners LLC lifted its stake in American Homes 4 Rent (NYSE:AMH) by 1,172,625.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,727 shares of the real estate investment trust’s stock after purchasing an additional 140,715 shares during the quarter. American Homes 4 Rent comprises about 0.5% of Quest Partners LLC’s portfolio, making the stock its 3rd largest holding. Quest Partners LLC’s holdings in American Homes 4 Rent were worth $5,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent in the second quarter valued at approximately $32,000. Assetmark Inc. increased its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $44,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $37.60 on Monday. 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 $13.89 billion, a PE ratio of 39.17, a P/E/G ratio of 3.24 and a beta of 0.77. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a fifty day moving average of $38.17 and a two-hundred day moving average of $37.38.

American Homes 4 Rent (NYSE:AMH) last released its quarterly 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). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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 2.77%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Analysts Set New Price Targets

AMH has been the topic of a number of research reports. UBS Group increased their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $42.00 in a report on Monday, November 11th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.