State of Alaska Department of Revenue Has $7.59 Million Position in American Homes 4 Rent (NYSE:AMH)

State of Alaska Department of Revenue reduced its stake in American Homes 4 Rent (NYSE:AMH) by 0.2% during the third quarter, HoldingsChannel reports. The firm owned 197,834 shares of the real estate investment trust’s stock after selling 396 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Homes 4 Rent were worth $7,594,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp acquired a new stake in shares of American Homes 4 Rent in the 1st quarter valued at approximately $10,238,000. Mutual of America Capital Management LLC acquired a new stake in shares of American Homes 4 Rent in the 1st quarter valued at approximately $6,970,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in American Homes 4 Rent during the 1st quarter worth approximately $524,000. CANADA LIFE ASSURANCE Co boosted its position in American Homes 4 Rent by 40.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 599,777 shares of the real estate investment trust’s stock worth $22,056,000 after buying an additional 173,015 shares during the period. Finally, Vanguard Group Inc. boosted its position in American Homes 4 Rent by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Evercore ISI lifted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. UBS Group lifted their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Scotiabank reiterated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada lifted 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 research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $38.24 on Tuesday. The company has a fifty day moving average of $38.86 and a 200-day moving average of $37.26. The firm has a market capitalization of $14.01 billion, a P/E ratio of 39.02, a P/E/G ratio of 3.10 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a twelve month low of $31.51 and a twelve month high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.72%. 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.