EverSource Wealth Advisors LLC Buys 23,377 Shares of American Homes 4 Rent (NYSE:AMH)

EverSource Wealth Advisors LLC boosted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,036 shares of the real estate investment trust's stock after buying an additional 23,377 shares during the period. EverSource Wealth Advisors LLC owned about 0.05% of American Homes 4 Rent worth $6,714,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 302 shares during the period. Advisors Asset Management Inc. raised its stake in American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust's stock valued at $104,000 after purchasing an additional 314 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 357 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of American Homes 4 Rent by 15.4% in the fourth quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust's stock worth $99,000 after buying an additional 369 shares during the period. Finally, Atria Investments Inc grew its holdings in shares of American Homes 4 Rent by 0.7% during the first quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust's stock valued at $2,651,000 after buying an additional 510 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMH shares. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price objective for the company. Scotiabank restated an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. UBS Group boosted their price objective on shares of 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. Barclays cut their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. boosted their price target 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

American Homes 4 Rent Stock Performance

AMH traded down $0.20 on Friday, hitting $39.62. The company had a trading volume of 4,973,757 shares, compared to its average volume of 2,648,768. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The company's fifty day moving average price is $38.26 and its 200 day moving average price is $36.91. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76.

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

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. American Homes 4 Rent's dividend payout ratio is presently 106.12%.

About American Homes 4 Rent

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.