Metis Global Partners LLC Purchases 7,050 Shares of American Homes 4 Rent (NYSE:AMH)

Metis Global Partners LLC increased its position in American Homes 4 Rent (NYSE:AMH) by 23.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,564 shares of the real estate investment trust’s stock after purchasing an additional 7,050 shares during the quarter. Metis Global Partners LLC’s holdings in American Homes 4 Rent were worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 3rd quarter worth about $25,000. UMB Bank n.a. lifted its stake in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent during the second quarter valued at approximately $32,000. Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMH shares. Royal Bank of Canada lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Finally, UBS Group raised their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. One investment 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $37.60 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 3.27 and a beta of 0.77. The stock has a 50-day moving average price of $38.17 and a 200 day moving average price of $37.37.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts expect that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business 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 $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. American Homes 4 Rent’s dividend payout ratio is currently 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.