Farther Finance Advisors LLC Buys 1,126 Shares of American Homes 4 Rent (NYSE:AMH)

Farther Finance Advisors LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 93.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,335 shares of the real estate investment trust’s stock after purchasing an additional 1,126 shares during the quarter. Farther Finance Advisors LLC’s holdings in American Homes 4 Rent were worth $90,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMH. Mirae Asset Global Investments Co. Ltd. acquired a new stake in American Homes 4 Rent during the 1st quarter worth about $524,000. SG Americas Securities LLC increased its stake in American Homes 4 Rent by 17.5% in the first quarter. SG Americas Securities LLC now owns 47,738 shares of the real estate investment trust’s stock valued at $1,756,000 after purchasing an additional 7,106 shares in the last quarter. ProShare Advisors LLC bought a new stake in American Homes 4 Rent in the 1st quarter valued at about $571,000. State Board of Administration of Florida Retirement System raised its stake in American Homes 4 Rent by 2.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 290,334 shares of the real estate investment trust’s stock worth $10,678,000 after buying an additional 7,572 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of American Homes 4 Rent by 8.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371,928 shares of the real estate investment trust’s stock worth $13,680,000 after purchasing an additional 29,727 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMH shares. JPMorgan Chase & Co. raised their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. UBS Group lifted 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 report on Friday, August 16th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Mizuho lifted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One 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, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 0.2 %

AMH stock opened at $37.34 on Wednesday. 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 has a one year low of $33.75 and a one year high of $41.41. The firm’s fifty day moving average is $38.28 and its 200 day moving average is $37.34. The firm has a market cap of $13.80 billion, a PE ratio of 38.90, a P/E/G ratio of 3.06 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, research analysts forecast that American Homes 4 Rent will post 1.77 EPS 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. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.79%. 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.