Makena Capital Management LLC Buys 58,213 Shares of American Homes 4 Rent (NYSE:AMH)

Makena Capital Management LLC increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 30.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,987 shares of the real estate investment trust’s stock after buying an additional 58,213 shares during the quarter. American Homes 4 Rent comprises approximately 2.2% of Makena Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. Makena Capital Management LLC’s holdings in American Homes 4 Rent were worth $9,364,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent in the 2nd quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the 2nd quarter valued at $44,000. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the second quarter valued at approximately $54,000. GAMMA Investing LLC lifted its stake in American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the last quarter. Finally, Quarry LP boosted its stake in American Homes 4 Rent by 216.3% in the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,315 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 2.1 %

Shares of AMH opened at $38.51 on Friday. The business’s 50 day moving average is $38.51 and its 200 day moving average is $36.98. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. 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.

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

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued 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 dividend payout ratio (DPR) is presently 106.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank reissued an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. UBS Group increased their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Evercore ISI increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.60.

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.