Farther Finance Advisors LLC Boosts Holdings in American Homes 4 Rent (NYSE:AMH)

Farther Finance Advisors LLC increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 93.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,335 shares of the real estate investment trust’s stock after buying an additional 1,126 shares during the quarter. Farther Finance Advisors LLC’s holdings in American Homes 4 Rent were worth $90,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $25,000. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $54,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Down 0.2 %

NYSE AMH opened at $37.34 on Wednesday. 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 firm has a market cap of $13.80 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77. The stock’s 50 day simple moving average is $38.28 and its 200 day simple moving average is $37.34. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm 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%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal 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 $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMH. Keefe, Bruyette & Woods decreased their price objective 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. Scotiabank reissued an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $41.00 to $42.00 in a research report on Monday. Finally, Royal Bank of Canada boosted their price target 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.