Whittier Trust Co. of Nevada Inc. Buys 1,432 Shares of American Homes 4 Rent (NYSE:AMH)

Whittier Trust Co. of Nevada Inc. grew its stake in shares of American Homes 4 Rent (NYSE:AMH) by 66.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,585 shares of the real estate investment trust’s stock after acquiring an additional 1,432 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in American Homes 4 Rent were worth $138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMH. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after acquiring an additional 1,094,714 shares in the last quarter. PGGM Investments bought a new stake in shares of American Homes 4 Rent during the first quarter valued at approximately $32,199,000. Price T Rowe Associates Inc. MD increased its holdings in American Homes 4 Rent by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock valued at $324,798,000 after buying an additional 507,307 shares during the period. Marshall Wace LLP purchased a new position in American Homes 4 Rent during the second quarter valued at approximately $17,367,000. Finally, American International Group Inc. increased its holdings in American Homes 4 Rent by 15,281.0% during the first quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock valued at $15,489,000 after buying an additional 418,393 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMH shares. JPMorgan Chase & Co. lifted their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Evercore ISI lifted their price objective on shares of 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. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday. Finally, UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. One investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

American Homes 4 Rent Price Performance

Shares of AMH opened at $39.06 on Thursday. The firm has a market capitalization of $14.31 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $41.41. The company’s fifty day moving average price is $38.86 and its 200-day moving average price is $37.21.

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 for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The company had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. American Homes 4 Rent’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced 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 2.66%. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

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.