Edgestream Partners L.P. Grows Position in American Homes 4 Rent (NYSE:AMH)

Edgestream Partners L.P. lifted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 640.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,273 shares of the real estate investment trust's stock after purchasing an additional 75,491 shares during the quarter. Edgestream Partners L.P.'s holdings in American Homes 4 Rent were worth $3,350,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its position 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 acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% during 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 in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $44,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 6th. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. UBS Group raised their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Mizuho upped their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of "Moderate Buy" and an average price target of $41.60.

American Homes 4 Rent Price Performance

Shares of AMH stock traded down $0.60 during trading hours on Monday, reaching $37.69. The company had a trading volume of 1,851,064 shares, compared to its average volume of 2,533,905. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. 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 market capitalization of $13.93 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 3.38 and a beta of 0.77. The stock has a fifty day moving average of $37.74 and a 200-day moving average of $37.50.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued 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 company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period last year, the business earned $0.41 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

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.