Bank of Montreal Can Buys 19,143 Shares of American Homes 4 Rent (NYSE:AMH)

Bank of Montreal Can boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 6.6% in the second quarter, Holdings Channel.com reports. The firm owned 307,377 shares of the real estate investment trust’s stock after acquiring an additional 19,143 shares during the period. Bank of Montreal Can’s holdings in American Homes 4 Rent were worth $11,437,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group upped their price objective on 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. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reiterated 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. Evercore ISI boosted their target price on 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. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 0.6 %

Shares of AMH opened at $38.27 on Monday. The firm has a 50 day simple moving average of $38.55 and a two-hundred day simple moving average of $37.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41. The company has a market cap of $14.02 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results 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). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

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.