Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in American Homes 4 Rent (NYSE:AMH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 51.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 636,212 shares of the real estate investment trust's stock after purchasing an additional 217,492 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of American Homes 4 Rent worth $24,424,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock valued at $315,780,000 after buying an additional 937,116 shares during the period. Dimensional Fund Advisors LP raised its position 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 worth $183,403,000 after acquiring an additional 334,358 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust's stock worth $162,160,000 after acquiring an additional 62,367 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in American Homes 4 Rent by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock valued at $146,850,000 after buying an additional 37,757 shares during the period. Finally, Burgundy Asset Management Ltd. grew its position in shares of American Homes 4 Rent by 1.5% in the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust's stock valued at $137,181,000 after purchasing an additional 53,648 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMH. Royal Bank of Canada lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods reduced their price target on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. UBS Group boosted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Mizuho lifted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a "buy" rating and a $48.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.33 during trading hours on Friday, hitting $38.29. 1,368,812 shares of the company were exchanged, compared to its average volume of 2,536,800. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $14.15 billion, a PE ratio of 39.89, a PEG ratio of 3.41 and a beta of 0.77. The firm has a fifty day simple moving average of $37.74 and a 200-day simple moving average of $37.49. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio (DPR) 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.