American Homes 4 Rent (NYSE:AMH) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 26.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,802 shares of the real estate investment trust's stock after acquiring an additional 56,158 shares during the period. Oppenheimer Asset Management Inc. owned about 0.07% of American Homes 4 Rent worth $10,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMH. Mirae Asset Global Investments Co. Ltd. purchased a new position in American Homes 4 Rent during the first quarter valued at approximately $524,000. SG Americas Securities LLC lifted its stake in shares of American Homes 4 Rent by 17.5% in the 1st quarter. SG Americas Securities LLC now owns 47,738 shares of the real estate investment trust's stock valued at $1,756,000 after purchasing an additional 7,106 shares during the period. ProShare Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at $571,000. State Board of Administration of Florida Retirement System boosted its holdings in American Homes 4 Rent by 2.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 290,334 shares of the real estate investment trust's stock worth $10,678,000 after buying an additional 7,572 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in American Homes 4 Rent by 8.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371,928 shares of the real estate investment trust's stock valued at $13,680,000 after buying an additional 29,727 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 1.2 %

Shares of NYSE AMH traded down $0.45 during midday trading on Thursday, reaching $37.51. 1,746,420 shares of the stock were exchanged, compared to its average volume of 2,566,515. The stock has a market capitalization of $13.86 billion, a P/E ratio of 39.07, a PEG ratio of 3.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day simple moving average of $38.21 and a 200 day simple moving average of $37.35. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results 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). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period last year, the business earned $0.41 EPS. American Homes 4 Rent's revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. American Homes 4 Rent's payout ratio is currently 108.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMH shares. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a "buy" rating and a $48.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Royal Bank of Canada boosted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Mizuho raised their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. Finally, UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.60.

American Homes 4 Rent Company 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.