Easterly Investment Partners LLC Buys 226,900 Shares of American Homes 4 Rent (NYSE:AMH)

Easterly Investment Partners LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 91.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,214 shares of the real estate investment trust's stock after purchasing an additional 226,900 shares during the quarter. American Homes 4 Rent comprises about 1.5% of Easterly Investment Partners LLC's investment portfolio, making the stock its 8th largest position. Easterly Investment Partners LLC owned about 0.13% of American Homes 4 Rent worth $18,243,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its stake in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Finally, Catalyst Capital Advisors LLC purchased a new position in American Homes 4 Rent during the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price target on the stock. Scotiabank reaffirmed an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th. Finally, Evercore ISI lowered their price target on shares of American Homes 4 Rent from $42.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.53.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded up $0.25 during trading hours on Friday, hitting $36.98. 2,211,211 shares of the company were exchanged, compared to its average volume of 2,574,479. The business has a 50-day moving average of $38.43 and a 200-day moving average of $37.29. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 2.92 and a beta of 0.77. 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 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

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.