Daiwa Securities Group Inc. Acquires 116,542 Shares of American Homes 4 Rent (NYSE:AMH)

Daiwa Securities Group Inc. raised its stake in American Homes 4 Rent (NYSE:AMH) by 93.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 240,905 shares of the real estate investment trust’s stock after buying an additional 116,542 shares during the quarter. Daiwa Securities Group Inc. owned about 0.07% of American Homes 4 Rent worth $8,952,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMH. Andra AP fonden raised its holdings in shares of American Homes 4 Rent by 81.7% during the second quarter. Andra AP fonden now owns 274,600 shares of the real estate investment trust’s stock worth $10,204,000 after acquiring an additional 123,500 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at about $173,000. Arizona State Retirement System lifted its holdings in shares of American Homes 4 Rent by 1.0% in the second quarter. Arizona State Retirement System now owns 90,359 shares of the real estate investment trust’s stock valued at $3,358,000 after purchasing an additional 892 shares in the last quarter. National Bank of Canada FI boosted its position in shares of American Homes 4 Rent by 3,306.8% during the second quarter. National Bank of Canada FI now owns 43,914 shares of the real estate investment trust’s stock worth $1,642,000 after buying an additional 42,625 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of American Homes 4 Rent by 82.2% during the second quarter. TD Asset Management Inc now owns 185,827 shares of the real estate investment trust’s stock worth $6,905,000 after buying an additional 83,812 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $39.91 on Wednesday. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 40.72, a PEG ratio of 3.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $40.21. The company has a 50-day simple moving average of $37.74 and a 200 day simple moving average of $36.70.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, sell-side analysts predict that American Homes 4 Rent will post 1.76 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 Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Evercore ISI lifted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Finally, Barclays cut their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

About American Homes 4 Rent

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.