Swedbank AB Buys 100,000 Shares of American Homes 4 Rent (NYSE:AMH)

Swedbank AB increased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 25.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 500,000 shares of the real estate investment trust's stock after purchasing an additional 100,000 shares during the quarter. Swedbank AB owned 0.14% of American Homes 4 Rent worth $19,195,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Creative Planning increased its stake in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 330 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $317,000. Exchange Traded Concepts LLC increased its stake in American Homes 4 Rent by 556.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust's stock worth $842,000 after purchasing an additional 18,586 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in American Homes 4 Rent by 548.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,103 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 7,700 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 604 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Down 0.1 %

Shares of NYSE AMH traded down $0.04 during trading hours on Thursday, hitting $38.10. The company had a trading volume of 1,362,237 shares, compared to its average volume of 2,567,895. The firm's 50 day moving average is $38.88 and its 200-day moving average is $37.15. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $41.41. The stock has a market capitalization of $13.96 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 3.10 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 (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $422.46 million. During the same period in the prior year, the business earned $0.41 EPS. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect 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 declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent's dividend payout ratio is 106.12%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised 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 research note on Monday, August 26th. Mizuho raised their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a "buy" rating and a $48.00 price target for the company. Royal Bank of Canada raised their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Finally, Evercore ISI raised their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and a consensus price target of $41.67.

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.