APG Asset Management N.V. Increases Holdings in American Homes 4 Rent (NYSE:AMH)

APG Asset Management N.V. raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 264.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,807 shares of the real estate investment trust's stock after purchasing an additional 35,400 shares during the period. APG Asset Management N.V.'s holdings in American Homes 4 Rent were worth $1,692,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank boosted its position in shares of American Homes 4 Rent by 2.0% in the second quarter. Toronto Dominion Bank now owns 31,511 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 620 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in American Homes 4 Rent by 62.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 62,994 shares of the real estate investment trust's stock worth $2,341,000 after purchasing an additional 24,158 shares during the period. Masterton Capital Management LP bought a new stake in American Homes 4 Rent during the second quarter worth about $12,853,000. Marshall Wace LLP bought a new stake in American Homes 4 Rent during the second quarter worth about $17,367,000. Finally, Bank of Montreal Can lifted its position in American Homes 4 Rent by 6.6% during the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust's stock worth $11,437,000 after purchasing an additional 19,143 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 0.8 %

Shares of AMH stock traded down $0.30 during trading hours on Tuesday, hitting $38.09. 1,945,871 shares of the company were exchanged, compared to its average volume of 2,629,782. The firm has a market cap of $13.95 billion, a P/E ratio of 38.88, a P/E/G ratio of 3.32 and a beta of 0.76. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50 day simple moving average of $38.58 and a two-hundred day simple moving average of $37.01.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued 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). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. American Homes 4 Rent's revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent's dividend payout ratio is currently 106.12%.

Analysts Set New Price Targets

Several research firms recently weighed in on AMH. 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 objective for the company. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Evercore ISI upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company 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 company a "neutral" rating in a research report on Monday, September 16th. Finally, Scotiabank reissued an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.