Arizona State Retirement System Raises Holdings in American Homes 4 Rent (NYSE:AMH)

Arizona State Retirement System lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,359 shares of the real estate investment trust’s stock after purchasing an additional 892 shares during the period. Arizona State Retirement System’s holdings in American Homes 4 Rent were worth $3,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Texas Permanent School Fund Corp acquired a new position in American Homes 4 Rent during the first quarter worth approximately $10,238,000. Mutual of America Capital Management LLC acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at $6,970,000. Los Angeles Capital Management LLC purchased a new stake in American Homes 4 Rent in the 1st quarter valued at $5,711,000. Wells Fargo & Company MN boosted its stake in American Homes 4 Rent by 67.6% during the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in American Homes 4 Rent during the 1st quarter worth $524,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMH has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Evercore ISI increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Barclays dropped their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Keefe, Bruyette & Woods increased their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. Finally, Scotiabank reissued an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.20.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $39.19 on Tuesday. The business has a 50 day moving average price of $37.69 and a 200 day moving average price of $36.67. The company has a market capitalization of $14.36 billion, a P/E ratio of 39.99, a PEG ratio of 3.29 and a beta of 0.76. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $40.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. Sell-side analysts expect that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s payout ratio is currently 106.12%.

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.