American Homes 4 Rent (NYSE:AMH) Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 216.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,700 shares of the real estate investment trust's stock after acquiring an additional 142,700 shares during the quarter. 1832 Asset Management L.P. owned 0.06% of American Homes 4 Rent worth $7,755,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMH. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent in the 2nd quarter worth about $32,000. Wetzel Investment Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the second quarter valued at approximately $44,000. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $54,000. GAMMA Investing LLC boosted its holdings in shares of American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 302 shares during the period. Finally, Quarry LP grew its stake in American Homes 4 Rent by 216.3% in the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust's stock worth $69,000 after purchasing an additional 1,315 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 have weighed in on AMH shares. Scotiabank reiterated an "outperform" rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective 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 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. Evercore ISI upped their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Finally, UBS Group increased 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 note on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on 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 Stock Down 0.6 %

American Homes 4 Rent stock traded down $0.24 during midday trading on Wednesday, reaching $39.32. The company's stock had a trading volume of 1,478,676 shares, compared to its average volume of 2,640,806. 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 stock has a market capitalization of $14.41 billion, a P/E ratio of 40.41, a PEG ratio of 3.32 and a beta of 0.76. The stock's 50-day simple moving average is $38.40 and its 200-day simple moving average is $36.96. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41.

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 the consensus estimate of $0.43 by ($0.18). The company 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 business'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 business earned $0.41 earnings per share. On average, sell-side analysts expect that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent's 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.