IFM Investors Pty Ltd Has $6.33 Million Stake in American Homes 4 Rent (NYSE:AMH)

IFM Investors Pty Ltd grew its holdings in American Homes 4 Rent (NYSE:AMH) by 1.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 164,918 shares of the real estate investment trust’s stock after acquiring an additional 2,900 shares during the period. IFM Investors Pty Ltd’s holdings in American Homes 4 Rent were worth $6,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Maryland Capital Advisors Inc. acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its holdings 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 worth $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $54,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMH. Royal Bank of Canada lifted their price target 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. Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Evercore ISI lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One 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’s stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

American Homes 4 Rent Trading Down 0.9 %

Shares of AMH opened at $38.29 on Friday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41. The business’s fifty day moving average is $38.87 and its 200-day moving average is $37.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results 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 business had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given 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 is currently 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.