KBC Group NV Buys 320,805 Shares of American Homes 4 Rent (NYSE:AMH)

KBC Group NV increased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 553.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,819 shares of the real estate investment trust's stock after buying an additional 320,805 shares during the period. KBC Group NV owned 0.10% of American Homes 4 Rent worth $14,543,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent in the third quarter worth $25,000. UMB Bank n.a. increased 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 valued at $30,000 after buying 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 second quarter valued at about $32,000. Assetmark Inc. increased its holdings in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock worth $39,000 after buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent during the second quarter worth $44,000. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 0.2 %

NYSE AMH traded up $0.09 during mid-day trading on Friday, reaching $37.60. 1,683,745 shares of the stock were exchanged, compared to its average volume of 2,562,539. The stock has a market cap of $13.89 billion, a P/E ratio of 39.15, a P/E/G ratio of 3.27 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The stock has a 50 day simple moving average of $38.17 and a 200-day simple moving average of $37.36.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly 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). The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that American Homes 4 Rent will post 1.77 EPS 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. Shareholders 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 annualized dividend and a yield of 2.77%. American Homes 4 Rent's payout ratio is currently 108.33%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. 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 research report on Friday, August 16th. Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective 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 dropped their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.