Lighthouse Investment Partners LLC Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

Lighthouse Investment Partners LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 166.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,000 shares of the real estate investment trust’s stock after purchasing an additional 125,000 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in American Homes 4 Rent were worth $7,432,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMH. UBS Group AG increased its stake in American Homes 4 Rent by 1,588.1% in the fourth quarter. UBS Group AG now owns 292,311 shares of the real estate investment trust’s stock valued at $10,512,000 after purchasing an additional 274,995 shares during the period. TD Asset Management Inc increased its stake in American Homes 4 Rent by 18.9% in the fourth quarter. TD Asset Management Inc now owns 98,669 shares of the real estate investment trust’s stock valued at $3,548,000 after purchasing an additional 15,664 shares during the period. Treasurer of the State of North Carolina increased its stake in American Homes 4 Rent by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 151,668 shares of the real estate investment trust’s stock valued at $5,454,000 after purchasing an additional 1,450 shares during the period. Qtron Investments LLC acquired a new position in American Homes 4 Rent in the fourth quarter valued at $500,000. Finally, Bank of Nova Scotia increased its stake in shares of American Homes 4 Rent by 103.2% during the fourth quarter. Bank of Nova Scotia now owns 15,667 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 7,956 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Down 2.1 %

Shares of NYSE AMH opened at $38.51 on Friday. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41. The company has a market capitalization of $14.11 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The firm’s 50-day moving average is $38.51 and its two-hundred day moving average is $36.98.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. UBS Group boosted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Scotiabank restated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Finally, Evercore ISI upped their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent 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.