Dynamic Technology Lab Private Ltd Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Dynamic Technology Lab Private Ltd purchased a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,417 shares of the real estate investment trust's stock, valued at approximately $630,000.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB grew its position in shares of American Homes 4 Rent by 14.3% in the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust's stock valued at $14,864,000 after purchasing an additional 50,000 shares in the last quarter. OFI Invest Asset Management bought a new stake in American Homes 4 Rent during the second quarter valued at $632,000. Marshall Wace LLP bought a new stake in American Homes 4 Rent during the second quarter valued at $17,367,000. Catalyst Capital Advisors LLC bought a new stake in American Homes 4 Rent during the third quarter valued at $53,000. Finally, Easterly Investment Partners LLC boosted its stake in American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust's stock valued at $9,227,000 after buying an additional 122,048 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada lifted their price objective 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. Keefe, Bruyette & Woods dropped their price target on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a "buy" rating and a $48.00 price target for the company. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. 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 Trading Down 0.9 %

Shares of NYSE AMH traded down $0.33 during midday trading on Friday, reaching $38.29. The company had a trading volume of 1,368,812 shares, compared to its average volume of 2,536,800. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm's fifty day moving average price is $37.77 and its 200-day moving average price is $37.47. The stock has a market cap of $14.15 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 3.41 and a beta of 0.77.

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 for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same period last year, the firm posted $0.41 EPS. The company's revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.26 per share. 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 2.72%. American Homes 4 Rent's dividend payout ratio is presently 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.