Lecap Asset Management Ltd. Invests $1.37 Million in American Homes 4 Rent (NYSE:AMH)

Lecap Asset Management Ltd. purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,690 shares of the real estate investment trust’s stock, valued at approximately $1,370,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMH. V Square Quantitative Management LLC increased its position in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 314 shares in the last quarter. Creative Planning boosted its stake in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH opened at $39.06 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41. The stock has a fifty day moving average of $38.86 and a 200-day moving average of $37.21. The firm has a market capitalization of $14.31 billion, a P/E ratio of 39.86, a PEG ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (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 firm had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. American Homes 4 Rent’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.66%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMH. Royal Bank of Canada increased their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Evercore ISI raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Mizuho raised their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, American Homes 4 Rent has an average rating of “Moderate Buy” and an average price target of $41.67.

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.