Centiva Capital LP Acquires 2,024 Shares of American Homes 4 Rent (NYSE:AMH)

Centiva Capital LP grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,991 shares of the real estate investment trust’s stock after buying an additional 2,024 shares during the period. Centiva Capital LP’s holdings in American Homes 4 Rent were worth $2,495,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd 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 bought a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at $44,000. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMH shares. Keefe, Bruyette & Woods dropped their target price on shares of 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. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.69 on Tuesday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The firm has a market capitalization of $13.93 billion, a P/E ratio of 39.26, a PEG ratio of 3.38 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $37.69 and a 200-day moving average price of $37.51.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $443.81 million. During the same period in the previous year, the company earned $0.41 EPS. American Homes 4 Rent’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is currently 108.33%.

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.