EverSource Wealth Advisors LLC Purchases 23,377 Shares of American Homes 4 Rent (NYSE:AMH)

EverSource Wealth Advisors LLC lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,036 shares of the real estate investment trust’s stock after acquiring an additional 23,377 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.05% of American Homes 4 Rent worth $6,714,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its position in shares of American Homes 4 Rent by 25.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 10,895 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 2,220 shares during the period. Quadrant Capital Group LLC raised its position in shares of American Homes 4 Rent by 15.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 369 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of American Homes 4 Rent by 84.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 918,067 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 419,385 shares during the period. UBS Group AG boosted its position in shares of American Homes 4 Rent by 1,588.1% in the 4th quarter. UBS Group AG now owns 292,311 shares of the real estate investment trust’s stock worth $10,512,000 after purchasing an additional 274,995 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of American Homes 4 Rent by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI increased their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. UBS Group lifted their price objective on shares of 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 shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. Royal Bank of Canada increased their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Performance

AMH opened at $39.62 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day simple moving average of $38.26 and a 200 day simple moving average of $36.91. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The company has a market capitalization of $14.51 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same period in the prior year, the business posted $0.41 earnings per share. American Homes 4 Rent’s revenue was up 7.1% compared to the same quarter last year. Research analysts expect that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.62%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

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.