Lecap Asset Management Ltd. Purchases Shares of 35,690 American Homes 4 Rent (NYSE:AMH)

Lecap Asset Management Ltd. purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,690 shares of the real estate investment trust’s stock, valued at approximately $1,370,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent during the third quarter valued at about $25,000. UMB Bank n.a. grew its position in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at about $32,000. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the second quarter valued at about $44,000. Finally, Opal Wealth Advisors LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at about $54,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 2.4 %

Shares of NYSE AMH opened at $39.06 on Thursday. The stock’s 50 day moving average price is $38.86 and its two-hundred day moving average price is $37.21. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41. The stock has a market capitalization of $14.31 billion, a P/E ratio of 39.86, a PEG 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 (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 the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. During the same quarter in the previous year, the company earned $0.41 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed 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. This represents a $1.04 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s payout ratio is currently 106.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on 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 upped their target price on 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. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Royal Bank of Canada upped their target price on 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 analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price 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.