Sumitomo Mitsui DS Asset Management Company Ltd Purchases 3,066 Shares of American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,474 shares of the real estate investment trust’s stock after acquiring an additional 3,066 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $3,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMH. UMB Bank n.a. boosted its stake in 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 purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the second quarter valued at $32,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of American Homes 4 Rent during the second quarter valued at $44,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent in the 2nd quarter worth about $54,000. Finally, GAMMA Investing LLC raised its position in American Homes 4 Rent by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 302 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 0.0 %

American Homes 4 Rent stock opened at $38.12 on Monday. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 3.10 and a beta of 0.76. The firm has a 50 day moving average of $38.87 and a 200 day moving average of $37.17. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (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 firm had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.73%. American Homes 4 Rent’s payout ratio is 106.12%.

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target 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. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

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.