FORA Capital LLC Purchases Shares of 20,896 American Homes 4 Rent (NYSE:AMH)

FORA Capital LLC purchased a new position in American Homes 4 Rent (NYSE:AMH - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,896 shares of the real estate investment trust's stock, valued at approximately $802,000.

A number of other institutional investors have also recently bought and sold shares of AMH. Advisors Asset Management Inc. lifted its holdings in shares of 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. PEAK6 Investments LLC grew its stake in shares of American Homes 4 Rent by 250.3% during the 1st quarter. PEAK6 Investments LLC now owns 6,985 shares of the real estate investment trust's stock worth $257,000 after acquiring an additional 11,631 shares in the last quarter. Swedbank AB acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $12,873,000. Atria Investments Inc lifted its position in shares of American Homes 4 Rent by 0.7% in the first quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust's stock worth $2,651,000 after purchasing an additional 510 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in American Homes 4 Rent by 41.1% during the first quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust's stock worth $338,000 after purchasing an additional 2,674 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of 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. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a "buy" rating and a $48.00 target price for the company. Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Finally, UBS Group upped their target price on 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded down $0.33 during trading on Friday, hitting $38.29. The company's stock had a trading volume of 1,368,812 shares, compared to its average volume of 2,536,800. The company has a market cap of $14.15 billion, a PE ratio of 40.23, a P/E/G ratio of 3.41 and a beta of 0.77. The business has a fifty day moving average of $37.77 and a 200-day moving average of $37.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly 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 firm had revenue of $445.06 million for the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. As a group, research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is presently 108.33%.

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.