Swedbank AB Increases Position in American Homes 4 Rent (NYSE:AMH)

Swedbank AB boosted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the real estate investment trust's stock after acquiring an additional 100,000 shares during the period. Swedbank AB owned 0.14% of American Homes 4 Rent worth $19,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent in the 3rd quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% in 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. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent during the second quarter worth approximately $32,000. Assetmark Inc. raised its position in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the second quarter valued at about $44,000. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 0.7 %

Shares of AMH traded up $0.27 during midday trading on Tuesday, hitting $38.32. 2,589,132 shares of the stock were exchanged, compared to its average volume of 2,544,071. The stock has a fifty day simple moving average of $37.85 and a 200 day simple moving average of $37.44. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The firm has a market cap of $14.16 billion, a P/E ratio of 39.90, a P/E/G ratio of 3.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for 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 for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.71%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

Analyst Ratings Changes

AMH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Evercore ISI upgraded shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Mizuho lifted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.