Waterfall Asset Management LLC Takes $743,000 Position in American Homes 4 Rent (NYSE:AMH)

Waterfall Asset Management LLC acquired a new position in American Homes 4 Rent (NYSE:AMH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the real estate investment trust’s stock, valued at approximately $743,000. American Homes 4 Rent makes up about 0.4% of Waterfall Asset Management LLC’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds also recently bought and sold shares of AMH. Texas Permanent School Fund Corp bought a new position in shares of American Homes 4 Rent in the 1st quarter worth $10,238,000. Mutual of America Capital Management LLC bought a new position in American Homes 4 Rent in the first quarter worth about $6,970,000. Los Angeles Capital Management LLC purchased a new stake in shares of American Homes 4 Rent during the first quarter valued at about $5,711,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of American Homes 4 Rent in the 1st quarter valued at about $524,000. Finally, Vanguard Group Inc. grew its position in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust’s stock worth $1,603,050,000 after buying an additional 179,219 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $38.27 on Friday. The company has a 50 day simple moving average of $38.55 and a two-hundred day simple moving average of $37.00. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.32 and a beta of 0.76. 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.

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 the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on AMH. Royal Bank of Canada increased 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 report on Monday, August 5th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Scotiabank restated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, September 23rd. Finally, Evercore ISI boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.