Ninepoint Partners LP Increases Stake in American Homes 4 Rent (NYSE:AMH)

Ninepoint Partners LP increased its holdings in American Homes 4 Rent (NYSE:AMH) by 31.2% in the second quarter, Holdings Channel reports. The fund owned 3,968 shares of the real estate investment trust’s stock after purchasing an additional 943 shares during the quarter. Ninepoint Partners LP’s holdings in American Homes 4 Rent were worth $147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMH. Lighthouse Investment Partners LLC lifted its position in shares of American Homes 4 Rent by 166.7% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 200,000 shares of the real estate investment trust’s stock worth $7,432,000 after purchasing an additional 125,000 shares during the period. Makena Capital Management LLC raised its stake in American Homes 4 Rent by 30.0% in the second quarter. Makena Capital Management LLC now owns 251,987 shares of the real estate investment trust’s stock worth $9,364,000 after buying an additional 58,213 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in American Homes 4 Rent during the second quarter worth $831,000. APG Asset Management N.V. boosted its position in American Homes 4 Rent by 264.0% during the 2nd quarter. APG Asset Management N.V. now owns 48,807 shares of the real estate investment trust’s stock valued at $1,692,000 after acquiring an additional 35,400 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of American Homes 4 Rent by 2.0% in the 2nd quarter. Toronto Dominion Bank now owns 31,511 shares of the real estate investment trust’s stock valued at $1,171,000 after acquiring an additional 620 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $38.26 on Friday. The stock has a 50-day moving average of $38.55 and a two-hundred day moving average of $36.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $14.02 billion, a P/E ratio of 39.04, a P/E/G ratio of 3.32 and a beta of 0.76. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter in the prior year, the company earned $0.41 EPS. American Homes 4 Rent’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMH shares. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Royal Bank of Canada raised their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Evercore ISI lifted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. One investment 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. Based on data from MarketBeat, American Homes 4 Rent has an average 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.