Burgundy Asset Management Ltd. Raises Stake in American Homes 4 Rent (NYSE:AMH)

Burgundy Asset Management Ltd. raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,691,640 shares of the real estate investment trust's stock after purchasing an additional 53,648 shares during the period. American Homes 4 Rent comprises 1.4% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 29th biggest position. Burgundy Asset Management Ltd. owned approximately 1.01% of American Homes 4 Rent worth $137,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cohen & Steers Inc. raised its holdings in American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust's stock valued at $318,755,000 after acquiring an additional 2,575,854 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of American Homes 4 Rent by 180.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust's stock valued at $93,848,000 after purchasing an additional 1,679,846 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of American Homes 4 Rent by 80.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust's stock valued at $127,263,000 after purchasing an additional 1,574,295 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of American Homes 4 Rent by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares during the last quarter. Finally, PGGM Investments acquired a new position in shares of American Homes 4 Rent during the first quarter worth $32,199,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

AMH traded up $0.15 on Thursday, hitting $39.81. 1,979,355 shares of the company traded hands, compared to its average volume of 2,635,924. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41. The company has a 50 day moving average of $38.12 and a 200-day moving average of $36.87. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $14.58 billion, a PE ratio of 40.47, a PEG ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million for the quarter, compared to analysts' expectations of $422.46 million. During the same quarter in the previous year, the company posted $0.41 EPS. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent's payout ratio is 106.12%.

Wall Street Analyst Weigh In

AMH has been the topic of a number of analyst reports. UBS Group raised their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a "buy" rating and a $48.00 target price for the company. Barclays lowered their price target on American Homes 4 Rent from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, May 29th. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada boosted 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. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.60.

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.