Bank of Montreal Can Decreases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Bank of Montreal Can reduced its position in shares of American Homes 4 Rent (NYSE:AMH) by 3.8% in the third quarter, Holdings Channel reports. The fund owned 295,637 shares of the real estate investment trust’s stock after selling 11,740 shares during the quarter. Bank of Montreal Can’s holdings in American Homes 4 Rent were worth $11,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in American Homes 4 Rent by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock valued at $183,403,000 after purchasing an additional 334,358 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Homes 4 Rent by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after buying an additional 62,367 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in American Homes 4 Rent by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after acquiring an additional 37,757 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in American Homes 4 Rent by 1.5% during the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock worth $137,181,000 after acquiring an additional 53,648 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in American Homes 4 Rent by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,101,011 shares of the real estate investment trust’s stock worth $115,234,000 after acquiring an additional 78,973 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $38.29 on Monday. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a market capitalization of $14.15 billion, a PE ratio of 39.89, a P/E/G ratio of 3.38 and a beta of 0.77. The company has a 50 day moving average price of $37.74 and a 200-day moving average price of $37.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

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

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of recent research reports. UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Mizuho lifted their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Scotiabank restated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods cut their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

About American Homes 4 Rent

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.