iA Global Asset Management Inc. Invests $231,000 in American Homes 4 Rent (NYSE:AMH)

iA Global Asset Management Inc. purchased a new position in American Homes 4 Rent (NYSE:AMH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,203 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMH. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter worth about $32,000. GAMMA Investing LLC purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $44,000. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter worth about $54,000. Quarry LP lifted its holdings in shares of American Homes 4 Rent by 216.3% in the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 1,315 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $91,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 1.6 %

AMH stock opened at $39.77 on Friday. The company has a market capitalization of $14.57 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. American Homes 4 Rent has a one year low of $31.36 and a one year high of $39.90. The company’s 50 day moving average price is $37.36 and its two-hundred day moving average price is $36.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The business had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same period last year, the business posted $0.41 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMH. Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Evercore ISI raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday. Barclays lowered their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, UBS Group raised their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.47.

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.