The Manufacturers Life Insurance Company Grows Position in American Homes 4 Rent (NYSE:AMH)

The Manufacturers Life Insurance Company boosted its holdings in American Homes 4 Rent (NYSE:AMH) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 280,032 shares of the real estate investment trust’s stock after buying an additional 26,934 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of American Homes 4 Rent worth $10,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in American Homes 4 Rent by 783.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after buying an additional 981,872 shares during the last quarter. Marshall Wace LLP bought a new position in American Homes 4 Rent in the 2nd quarter worth $17,367,000. Van Lanschot Kempen Investment Management N.V. lifted its position in American Homes 4 Rent by 39.3% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock valued at $53,420,000 after purchasing an additional 405,468 shares in the last quarter. Retirement Systems of Alabama raised its stake in American Homes 4 Rent by 95.7% during the 2nd quarter. Retirement Systems of Alabama now owns 781,684 shares of the real estate investment trust’s stock worth $29,047,000 after acquiring an additional 382,294 shares during the period. Finally, Masterton Capital Management LP bought a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at $12,853,000. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMH shares. JPMorgan Chase & Co. increased 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 report on Monday, September 16th. UBS Group boosted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, November 25th. The Goldman Sachs Group started 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. Finally, Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $37.69 on Tuesday. The business’s fifty day simple moving average is $37.69 and its 200-day simple moving average is $37.51. The company has a market cap of $13.93 billion, a PE ratio of 39.26, a PEG ratio of 3.38 and a beta of 0.77. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

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.