Cerity Partners LLC Invests $703,000 in American Homes 4 Rent (NYSE:AMH)

Cerity Partners LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,301 shares of the real estate investment trust's stock, valued at approximately $703,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMH. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent in the third quarter valued at $25,000. UMB Bank n.a. lifted its holdings in shares of 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 valued at $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at about $32,000. Assetmark Inc. boosted its position in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMH. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. The Goldman Sachs Group assumed 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 for the company. UBS Group raised their price objective on shares of 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. JPMorgan Chase & Co. upped their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Finally, Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $0.12 during mid-day trading on Friday, reaching $37.26. The company had a trading volume of 2,233,040 shares, compared to its average volume of 1,794,183. The stock's 50-day simple moving average is $37.58 and its 200-day simple moving average is $37.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $13.77 billion, a P/E ratio of 38.81, a P/E/G ratio of 3.32 and a beta of 0.78. 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 earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period in the previous year, the firm earned $0.41 earnings per share. American Homes 4 Rent's revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued 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 dividend yield of 2.79%. American Homes 4 Rent's payout ratio is currently 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.