Foresight Group Ltd Liability Partnership Has $2.82 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Foresight Group Ltd Liability Partnership decreased its stake in American Homes 4 Rent (NYSE:AMH) by 17.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,347 shares of the real estate investment trust’s stock after selling 15,062 shares during the quarter. American Homes 4 Rent accounts for about 1.2% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 14th largest holding. Foresight Group Ltd Liability Partnership’s holdings in American Homes 4 Rent were worth $2,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of American Homes 4 Rent by 2.5% in the 1st 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 purchasing an additional 1,094,714 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of American Homes 4 Rent by 6.1% in the 1st 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 purchasing an additional 507,307 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of American Homes 4 Rent by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock valued at $183,403,000 after purchasing an additional 334,358 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of American Homes 4 Rent by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after purchasing an additional 37,757 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in shares of American Homes 4 Rent by 1.5% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock valued at $137,181,000 after purchasing an additional 53,648 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 2.2 %

Shares of AMH stock opened at $38.17 on Wednesday. The stock’s 50 day simple moving average is $38.85 and its 200 day simple moving average is $37.20. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued 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). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. UBS Group raised their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Royal Bank of Canada raised their price objective on 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. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.67.

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.