FORA Capital LLC Purchases Shares of 20,896 American Homes 4 Rent (NYSE:AMH)

FORA Capital LLC purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) during the third quarter, HoldingsChannel reports. The firm purchased 20,896 shares of the real estate investment trust’s stock, valued at approximately $802,000.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in American Homes 4 Rent by 112.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 457,513 shares of the real estate investment trust’s stock valued at $17,564,000 after purchasing an additional 242,043 shares during the period. Brooklyn Investment Group acquired a new stake in shares of American Homes 4 Rent during the third quarter worth $78,000. D.A. Davidson & CO. acquired a new stake in shares of American Homes 4 Rent during the third quarter worth $224,000. FMR LLC lifted its holdings in American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after buying an additional 937,116 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in American Homes 4 Rent by 10.6% in the third quarter. The Manufacturers Life Insurance Company now owns 280,032 shares of the real estate investment trust’s stock valued at $10,750,000 after buying an additional 26,934 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMH. JPMorgan Chase & Co. increased 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. UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Royal Bank of Canada increased 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. Keefe, Bruyette & Woods lowered their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Trading Up 0.8 %

AMH opened at $38.62 on Friday. The firm has a market capitalization of $14.27 billion, a PE ratio of 40.23, a P/E/G ratio of 3.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company’s 50-day moving average is $37.79 and its 200 day moving average is $37.46.

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

American Homes 4 Rent Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.69%. American Homes 4 Rent’s payout ratio is 108.33%.

American Homes 4 Rent 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.