Vinva Investment Management Ltd Purchases New Holdings in American Homes 4 Rent (NYSE:AMH)

Vinva Investment Management Ltd purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,676 shares of the real estate investment trust’s stock, valued at approximately $1,021,000.

Other large investors also recently bought and sold shares of the company. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. raised 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 worth $30,000 after buying an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent in the second quarter worth about $32,000. Assetmark Inc. raised 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 buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent in the second quarter worth about $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $38.29 on Friday. The firm has a 50 day moving average of $37.77 and a 200 day moving average of $37.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.77. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. American Homes 4 Rent’s payout ratio is currently 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.