American Homes 4 Rent (NYSE:AMH) is Quest Partners LLC's 3rd Largest Position

Quest Partners LLC increased its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 1,172,625.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,727 shares of the real estate investment trust's stock after purchasing an additional 140,715 shares during the period. American Homes 4 Rent accounts for 0.5% of Quest Partners LLC's holdings, making the stock its 3rd biggest holding. Quest Partners LLC's holdings in American Homes 4 Rent were worth $5,403,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its holdings 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 valued at $30,000 after buying an additional 604 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent in the 2nd quarter worth approximately $32,000. Assetmark Inc. raised its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at approximately $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMH shares. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. The Goldman Sachs Group started coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price target for the company. JPMorgan Chase & Co. upped their price objective on 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. Royal Bank of Canada raised their price objective 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. 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. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus target price of $41.60.

American Homes 4 Rent Trading Down 0.5 %

Shares of American Homes 4 Rent stock traded down $0.17 on Monday, hitting $37.43. 2,388,957 shares of the company traded hands, compared to its average volume of 2,561,760. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a market cap of $13.83 billion, a PE ratio of 38.99, a PEG ratio of 3.24 and a beta of 0.77. The stock's 50 day moving average price is $38.14 and its 200-day moving average price is $37.39. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Equities research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. American Homes 4 Rent's dividend payout ratio is presently 108.33%.

American Homes 4 Rent Company 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.