Heritage Wealth Management Inc. Acquires New Stake in American Homes 4 Rent (NYSE:AMH)

Heritage Wealth Management Inc. acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,688 shares of the real estate investment trust's stock, valued at approximately $850,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of American Homes 4 Rent by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock valued at $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. Cohen & Steers Inc. raised its position in American Homes 4 Rent by 41.0% during the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust's stock worth $318,755,000 after buying an additional 2,575,854 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust's stock valued at $324,798,000 after buying an additional 507,307 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Homes 4 Rent by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust's stock valued at $183,403,000 after purchasing an additional 334,358 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of American Homes 4 Rent by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock valued at $146,850,000 after buying an additional 37,757 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 0.1 %

Shares of NYSE AMH traded up $0.03 during midday trading on Wednesday, hitting $38.13. 1,439,257 shares of the company's stock were exchanged, compared to its average volume of 2,623,516. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. 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 firm's fifty day simple moving average is $38.61 and its 200-day simple moving average is $37.02. The company has a market cap of $13.97 billion, a PE ratio of 38.85, a P/E/G ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data 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 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 company earned $0.41 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given 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 (DPR) is presently 106.12%.

Analyst Ratings Changes

AMH has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. UBS Group increased their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. The Goldman Sachs Group began 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. Finally, JPMorgan Chase & Co. upped their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and a consensus 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.