Ashton Thomas Private Wealth LLC Has $2.50 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Ashton Thomas Private Wealth LLC raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 21.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 65,025 shares of the real estate investment trust’s stock after purchasing an additional 11,509 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in American Homes 4 Rent were worth $2,496,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares during the period. Price T Rowe Associates Inc. MD raised 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 worth $324,798,000 after acquiring an additional 507,307 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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% during 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 in the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in American Homes 4 Rent by 1.5% during the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock worth $137,181,000 after purchasing an additional 53,648 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH stock opened at $37.34 on Wednesday. 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 firm has a market cap of $13.80 billion, a PE ratio of 38.90, a P/E/G ratio of 3.06 and a beta of 0.77. The business has a 50 day moving average of $38.28 and a 200-day moving average of $37.34. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analyst Ratings Changes

AMH has been the topic of several recent analyst reports. Mizuho boosted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. Wells Fargo & Company raised 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $41.60.

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.