20,000 Shares in American Homes 4 Rent (NYSE:AMH) Acquired by Waterfall Asset Management LLC

Waterfall Asset Management LLC purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,000 shares of the real estate investment trust's stock, valued at approximately $743,000. American Homes 4 Rent makes up approximately 0.4% of Waterfall Asset Management LLC's investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 302 shares during the period. Advisors Asset Management Inc. grew its stake in shares of 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 grew its stake in shares of American Homes 4 Rent by 2.5% during the 2nd 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 during the period. Atria Investments Inc increased its position in shares of American Homes 4 Rent by 0.7% during the 1st quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust's stock valued at $2,651,000 after purchasing an additional 510 shares during the last quarter. Finally, Capital Square LLC boosted its stake in shares of American Homes 4 Rent by 6.2% during the 1st quarter. Capital Square LLC now owns 8,832 shares of the real estate investment trust's stock worth $325,000 after acquiring an additional 518 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

NYSE AMH traded down $0.23 during trading on Friday, hitting $38.27. 1,752,948 shares of the stock traded hands, compared to its average volume of 2,634,417. The company has a market capitalization of $14.02 billion, a P/E ratio of 39.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76. The firm has a 50-day simple moving average of $38.55 and a 200-day simple moving average of $37.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted 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 analysts' expectations of $422.46 million. During the same period last year, the business posted $0.41 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 dividend yield of 2.72%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent's dividend payout ratio is currently 106.12%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Scotiabank restated an "outperform" rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Evercore ISI raised their price objective on 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. JPMorgan Chase & Co. increased their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Finally, Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. One research 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. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and an average price target 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.