Aigen Investment Management LP Purchases New Stake in American Homes 4 Rent (NYSE:AMH)

Aigen Investment Management LP acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,366 shares of the real estate investment trust’s stock, valued at approximately $552,000.

A number of other large investors also recently added to or reduced their stakes in AMH. Mirae Asset Global Investments Co. Ltd. acquired a new position in American Homes 4 Rent in the first quarter valued at approximately $524,000. SG Americas Securities LLC raised its position in shares of American Homes 4 Rent by 17.5% during the 1st quarter. SG Americas Securities LLC now owns 47,738 shares of the real estate investment trust’s stock valued at $1,756,000 after acquiring an additional 7,106 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at $571,000. State Board of Administration of Florida Retirement System boosted its position in shares of American Homes 4 Rent by 2.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 290,334 shares of the real estate investment trust’s stock worth $10,678,000 after purchasing an additional 7,572 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of American Homes 4 Rent by 8.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 371,928 shares of the real estate investment trust’s stock worth $13,680,000 after purchasing an additional 29,727 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 1.7 %

Shares of American Homes 4 Rent stock opened at $37.96 on Thursday. The firm has a market cap of $14.03 billion, a PE ratio of 39.54, a P/E/G ratio of 3.22 and a beta of 0.77. The business’s 50 day simple moving average is $38.25 and its 200 day simple moving average is $37.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week 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 analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter last year, the business earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.74%. American Homes 4 Rent’s payout ratio is 108.33%.

Wall Street Analyst Weigh In

AMH has been the topic of several analyst reports. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a research report on Monday. JPMorgan Chase & Co. boosted 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. Scotiabank reiterated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. 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 company an “outperform” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and an average target price of $41.60.

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.