MQS Management LLC Invests $867,000 in American Homes 4 Rent (NYSE:AMH)

MQS Management LLC bought a new stake in 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 Securities & Exchange Commission. The institutional investor bought 22,575 shares of the real estate investment trust's stock, valued at approximately $867,000. American Homes 4 Rent comprises approximately 0.5% of MQS Management LLC's holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMH. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at $524,000. SG Americas Securities LLC boosted its stake in American Homes 4 Rent by 17.5% in the first quarter. SG Americas Securities LLC now owns 47,738 shares of the real estate investment trust's stock valued at $1,756,000 after acquiring an additional 7,106 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of American Homes 4 Rent during the first quarter worth about $571,000. State Board of Administration of Florida Retirement System increased its position in shares of 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 purchasing an additional 7,572 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of American Homes 4 Rent by 8.7% in the 1st 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 purchasing an additional 29,727 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH stock traded up $0.63 during trading hours on Wednesday, hitting $37.96. 2,270,293 shares of the stock traded hands, compared to its average volume of 2,569,801. The stock has a 50-day simple moving average of $38.28 and a 200 day simple moving average of $37.34. The company has a market cap of $14.03 billion, a P/E ratio of 39.52, a P/E/G ratio of 3.22 and a beta of 0.77. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $443.81 million. During the same period in the prior year, the company earned $0.41 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast 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. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is 108.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMH shares. Scotiabank reaffirmed an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Evercore ISI upgraded shares of 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 report on Monday. Royal Bank of Canada upped their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a "buy" rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.