Lecap Asset Management Ltd. Takes $1.37 Million Position in American Homes 4 Rent (NYSE:AMH)

Lecap Asset Management Ltd. purchased a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 35,690 shares of the real estate investment trust's stock, valued at approximately $1,370,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock worth $1,679,868,000 after acquiring an additional 1,094,714 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in American Homes 4 Rent by 6.1% during the 1st 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 purchasing an additional 507,307 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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. Massachusetts Financial Services Co. MA grew its position 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 worth $146,850,000 after buying an additional 37,757 shares during the period. Finally, Burgundy Asset Management Ltd. raised its stake in shares of American Homes 4 Rent by 1.5% during the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust's stock worth $137,181,000 after buying an additional 53,648 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMH. Royal Bank of Canada increased their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. UBS Group raised 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. The Goldman Sachs Group started coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price target for the company. StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Evercore ISI increased their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and a consensus price target of $41.67.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.41 during trading hours on Thursday, hitting $38.64. The company had a trading volume of 1,995,165 shares, compared to its average volume of 2,556,779. The business has a fifty day moving average of $38.87 and a 200-day moving average of $37.22. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 3.10 and a beta of 0.76. 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 quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the previous year, the business earned $0.41 EPS. The firm's quarterly revenue 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 fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.69%. American Homes 4 Rent's dividend payout ratio is presently 106.12%.

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.