Lighthouse Investment Partners LLC Has $7.43 Million Position in American Homes 4 Rent (NYSE:AMH)

Lighthouse Investment Partners LLC lifted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 166.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,000 shares of the real estate investment trust's stock after purchasing an additional 125,000 shares during the period. Lighthouse Investment Partners LLC owned about 0.05% of American Homes 4 Rent worth $7,432,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMH. Makena Capital Management LLC boosted its stake in shares of American Homes 4 Rent by 30.0% during the 2nd quarter. Makena Capital Management LLC now owns 251,987 shares of the real estate investment trust's stock worth $9,364,000 after acquiring an additional 58,213 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at $831,000. APG Asset Management N.V. increased its holdings in American Homes 4 Rent by 264.0% in the 2nd quarter. APG Asset Management N.V. now owns 48,807 shares of the real estate investment trust's stock valued at $1,692,000 after purchasing an additional 35,400 shares in the last quarter. Toronto Dominion Bank increased its holdings in American Homes 4 Rent by 2.0% in the 2nd quarter. Toronto Dominion Bank now owns 31,511 shares of the real estate investment trust's stock valued at $1,171,000 after purchasing an additional 620 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in American Homes 4 Rent by 62.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,994 shares of the real estate investment trust's stock valued at $2,341,000 after purchasing an additional 24,158 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a "buy" rating and a $48.00 price target on the stock. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. 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. Finally, StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.60.

American Homes 4 Rent Stock Down 0.6 %

Shares of AMH stock traded down $0.24 during trading hours on Friday, hitting $38.26. 1,752,948 shares of the company were exchanged, compared to its average volume of 2,634,417. The business has a 50 day moving average of $38.55 and a two-hundred day moving average of $36.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. The company has a market capitalization of $14.02 billion, a PE ratio of 39.04, a PEG ratio of 3.32 and a beta of 0.76.

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

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent's dividend payout ratio (DPR) is 106.12%.

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.