The Manufacturers Life Insurance Company Has $10.75 Million Stake in American Homes 4 Rent (NYSE:AMH)

The Manufacturers Life Insurance Company grew its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,032 shares of the real estate investment trust's stock after purchasing an additional 26,934 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of American Homes 4 Rent worth $10,750,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent in 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 worth $30,000 after acquiring an additional 604 shares in the last quarter. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Assetmark Inc. boosted its holdings in American Homes 4 Rent by 359.1% in the third 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. bought a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at about $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Down 0.5 %

Shares of American Homes 4 Rent stock traded down $0.20 during trading on Tuesday, hitting $37.49. 228,601 shares of the stock traded hands, compared to its average volume of 2,523,913. The stock has a market cap of $13.85 billion, a P/E ratio of 39.26, a PEG ratio of 3.38 and a beta of 0.78. The company has a fifty day moving average price of $37.69 and a two-hundred day moving average price of $37.51. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. 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 posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. Equities research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's payout ratio is 108.33%.

Wall Street Analysts Forecast Growth

AMH has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Scotiabank reaffirmed an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, Mizuho upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.60.

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.