Swedbank AB Increases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Swedbank AB boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,000 shares of the real estate investment trust’s stock after buying an additional 100,000 shares during the period. Swedbank AB’s holdings in American Homes 4 Rent were worth $19,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. purchased a new stake in shares of American Homes 4 Rent during the third quarter worth about $25,000. UMB Bank n.a. boosted its stake in American Homes 4 Rent by 331.9% in the 3rd 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 in the last quarter. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Assetmark Inc. increased its stake in American Homes 4 Rent by 359.1% during the 3rd 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 in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the second quarter worth $44,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMH shares. UBS Group boosted their price objective 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. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Mizuho upped their target price on 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. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $38.05 on Tuesday. The company has a market capitalization of $14.06 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 3.25 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. The company’s fifty day moving average price is $37.91 and its 200 day moving average price is $37.43. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

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 for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

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.