Brooklyn Investment Group Invests $78,000 in American Homes 4 Rent (NYSE:AMH)

Brooklyn Investment Group bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,033 shares of the real estate investment trust’s stock, valued at approximately $78,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after buying an additional 937,116 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in American Homes 4 Rent by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after buying an additional 334,358 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in American Homes 4 Rent by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock worth $162,160,000 after buying an additional 62,367 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in American Homes 4 Rent by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after buying an additional 37,757 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew 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 buying an additional 53,648 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price 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. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday. Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. The Goldman Sachs Group initiated coverage on 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. Finally, JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Up 0.8 %

Shares of NYSE:AMH opened at $38.62 on Friday. The company has a market cap of $14.27 billion, a P/E ratio of 40.23, a P/E/G ratio of 3.28 and a beta of 0.77. The stock’s 50-day moving average is $37.79 and its 200-day moving average is $37.46. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. 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 (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (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 during the quarter, compared to analyst estimates of $443.81 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is presently 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.