Bank of Montreal Can Increases Position in American Homes 4 Rent (NYSE:AMH)

Bank of Montreal Can lifted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,377 shares of the real estate investment trust's stock after acquiring an additional 19,143 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of American Homes 4 Rent worth $11,437,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Evergreen Capital Management LLC bought a new position in American Homes 4 Rent during the 2nd quarter worth $256,000. EverSource Wealth Advisors LLC raised its position in American Homes 4 Rent by 14.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 186,036 shares of the real estate investment trust's stock worth $6,714,000 after purchasing an additional 23,377 shares during the last quarter. Waterfall Asset Management LLC bought a new position in American Homes 4 Rent during the 2nd quarter worth $743,000. 1832 Asset Management L.P. raised its position in American Homes 4 Rent by 216.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 208,700 shares of the real estate investment trust's stock worth $7,755,000 after purchasing an additional 142,700 shares during the last quarter. Finally, Sei Investments Co. raised its position in American Homes 4 Rent by 5.7% during the 2nd quarter. Sei Investments Co. now owns 1,220,572 shares of the real estate investment trust's stock worth $45,356,000 after purchasing an additional 65,278 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analyst Weigh In

AMH has been the subject of several research analyst reports. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price objective for the company. UBS Group lifted their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Royal Bank of Canada lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Finally, StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Monday, September 23rd. One research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.60.

American Homes 4 Rent Stock Up 0.3 %

AMH stock traded up $0.12 during mid-day trading on Monday, reaching $38.39. 2,414,824 shares of the company traded hands, compared to its average volume of 2,633,343. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 3.32 and a beta of 0.76. 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 fifty-two week low of $31.36 and a fifty-two week high of $41.41. The firm's 50 day moving average price is $38.55 and its 200 day moving average price is $37.00.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly 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 company had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. American Homes 4 Rent's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. As a group, equities research analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.26 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.71%. 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.