22,375 Shares in American Homes 4 Rent (NYSE:AMH) Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in American Homes 4 Rent (NYSE:AMH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,375 shares of the real estate investment trust’s stock, valued at approximately $831,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMH. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent during the 2nd quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the second quarter valued at $44,000. Opal Wealth Advisors LLC purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth about $54,000. GAMMA Investing LLC boosted its stake in American Homes 4 Rent by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares in the last quarter. Finally, Quarry LP boosted its stake in American Homes 4 Rent by 216.3% in the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,315 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Evercore ISI lifted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. UBS Group boosted their price target on 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. Finally, The Goldman Sachs Group began coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $38.09 on Wednesday. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $38.58 and a 200 day moving average of $37.01.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same period in the previous year, the firm earned $0.41 EPS. The company’s revenue was up 7.1% on a year-over-year basis. On average, research analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

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.