Masterton Capital Management LP Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Masterton Capital Management LP purchased a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 345,894 shares of the real estate investment trust's stock, valued at approximately $12,853,000. American Homes 4 Rent makes up 9.2% of Masterton Capital Management LP's investment portfolio, making the stock its 4th largest holding. Masterton Capital Management LP owned about 0.09% of American Homes 4 Rent as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AMH. Marshall Wace LLP purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $17,367,000. Bank of Montreal Can increased its holdings in American Homes 4 Rent by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust's stock worth $11,437,000 after acquiring an additional 19,143 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in American Homes 4 Rent in the 2nd quarter worth $256,000. EverSource Wealth Advisors LLC raised its position in American Homes 4 Rent by 14.4% during the second quarter. EverSource Wealth Advisors LLC now owns 186,036 shares of the real estate investment trust's stock worth $6,714,000 after acquiring an additional 23,377 shares during the period. Finally, Waterfall Asset Management LLC purchased a new position in American Homes 4 Rent during the second quarter valued at $743,000. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 1.0 %

Shares of American Homes 4 Rent stock traded down $0.41 on Tuesday, reaching $39.55. The company had a trading volume of 2,135,751 shares, compared to its average volume of 2,647,121. The firm's 50 day moving average price is $38.40 and its two-hundred day moving average price is $36.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41. The firm has a market cap of $14.49 billion, a PE ratio of 40.36, a PEG ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts' expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.63%. American Homes 4 Rent's payout ratio is 106.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMH shares. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada raised their target price on 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. UBS Group lifted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, August 16th. Barclays reduced their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, May 29th. Finally, Evercore ISI lifted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus 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.