APG Asset Management N.V. Acquires 35,400 Shares of American Homes 4 Rent (NYSE:AMH)

APG Asset Management N.V. raised its stake in shares of American Homes 4 Rent (NYSE:AMH) by 264.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 48,807 shares of the real estate investment trust’s stock after purchasing an additional 35,400 shares during the quarter. APG Asset Management N.V.’s holdings in American Homes 4 Rent were worth $1,692,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in AMH. UBS Group AG lifted its position in American Homes 4 Rent by 1,588.1% during the fourth quarter. UBS Group AG now owns 292,311 shares of the real estate investment trust’s stock valued at $10,512,000 after purchasing an additional 274,995 shares during the period. TD Asset Management Inc boosted its stake in shares of American Homes 4 Rent by 18.9% in the 4th quarter. TD Asset Management Inc now owns 98,669 shares of the real estate investment trust’s stock worth $3,548,000 after buying an additional 15,664 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of American Homes 4 Rent by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 151,668 shares of the real estate investment trust’s stock worth $5,454,000 after acquiring an additional 1,450 shares during the period. Bank of Nova Scotia increased its position in American Homes 4 Rent by 103.2% during the fourth quarter. Bank of Nova Scotia now owns 15,667 shares of the real estate investment trust’s stock valued at $563,000 after acquiring an additional 7,956 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in American Homes 4 Rent by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 487,443 shares of the real estate investment trust’s stock valued at $17,528,000 after acquiring an additional 8,499 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Evercore ISI boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. UBS Group boosted 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 report on Friday, August 16th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. Scotiabank reissued an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Finally, StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Trading Up 0.3 %

American Homes 4 Rent stock opened at $38.39 on Tuesday. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The firm’s 50 day moving average price is $38.58 and its 200-day moving average price is $37.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $14.06 billion, a P/E ratio of 39.17, a PEG ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced 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 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

American Homes 4 Rent 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.