Van ECK Associates Corp Boosts Stock Position in American Homes 4 Rent (NYSE:AMH)

Van ECK Associates Corp increased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,072 shares of the real estate investment trust's stock after buying an additional 15,609 shares during the period. Van ECK Associates Corp's holdings in American Homes 4 Rent were worth $5,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMH. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent in the third quarter valued at $25,000. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 604 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent in the 2nd quarter worth approximately $44,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at $54,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

NYSE AMH traded up $0.37 during trading hours on Friday, reaching $37.10. 969,260 shares of the company were exchanged, compared to its average volume of 2,568,757. The stock has a market capitalization of $13.60 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.92 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The business's 50 day simple moving average is $38.43 and its 200-day simple moving average is $37.29.

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

American Homes 4 Rent Dividend Announcement

The company 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 yield of 2.80%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMH shares. Keefe, Bruyette & Woods lowered their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Royal Bank of Canada boosted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Evercore ISI reduced their price objective on American Homes 4 Rent from $42.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, October 30th. Finally, Mizuho upped their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.53.

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.