Dynamic Technology Lab Private Ltd Takes Position in American Homes 4 Rent (NYSE:AMH)

Dynamic Technology Lab Private Ltd acquired a new stake in American Homes 4 Rent (NYSE:AMH) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,417 shares of the real estate investment trust’s stock, valued at approximately $630,000.

Several other large investors have also recently added to or reduced their stakes in AMH. Advisors Asset Management Inc. increased its position in shares of American Homes 4 Rent by 12.5% during the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 314 shares during the period. PEAK6 Investments LLC grew its stake in American Homes 4 Rent by 250.3% during the 1st quarter. PEAK6 Investments LLC now owns 6,985 shares of the real estate investment trust’s stock worth $257,000 after purchasing an additional 11,631 shares in the last quarter. Swedbank AB purchased a new stake in American Homes 4 Rent during the 1st quarter worth about $12,873,000. Atria Investments Inc raised its position in American Homes 4 Rent by 0.7% in the 1st quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock valued at $2,651,000 after purchasing an additional 510 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of American Homes 4 Rent by 41.1% in the 1st quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,674 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.8 %

Shares of NYSE:AMH opened at $38.62 on Friday. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $14.27 billion, a P/E ratio of 40.23, a P/E/G ratio of 3.28 and a beta of 0.77. The firm has a fifty day moving average price of $37.79 and a 200 day moving average price of $37.46.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. American Homes 4 Rent’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. Sell-side analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMH shares. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $42.00 in a report on Monday, November 11th. 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 report on Friday, August 16th. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

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.