American Homes 4 Rent (NYSE:AMH) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 16.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,527 shares of the real estate investment trust’s stock after purchasing an additional 12,038 shares during the quarter. Atria Investments Inc’s holdings in American Homes 4 Rent were worth $3,245,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMH. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the third quarter valued at about $25,000. UMB Bank n.a. raised its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Assetmark Inc. boosted its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the second quarter worth $44,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMH. Scotiabank reaffirmed an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Mizuho lifted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. UBS Group increased their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $37.96 on Thursday. The company has a market cap of $14.03 billion, a PE ratio of 39.54, a P/E/G ratio of 3.22 and a beta of 0.77. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The firm has a 50-day simple moving average of $38.25 and a 200 day simple moving average of $37.35. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

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.