Swedbank AB Acquires 100,000 Shares of American Homes 4 Rent (NYSE:AMH)

Swedbank AB grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the real estate investment trust’s stock after buying an additional 100,000 shares during the quarter. Swedbank AB owned 0.14% of American Homes 4 Rent worth $19,195,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent during the third quarter valued at approximately $25,000. UMB Bank n.a. increased its position 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 purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. lifted its position in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the second quarter worth $44,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $38.05 on Tuesday. The firm has a 50 day moving average of $37.91 and a 200 day moving average of $37.43. 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 market capitalization of $14.06 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 3.25 and a beta of 0.77. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41.

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 return on equity of 4.76% and a net margin of 21.51%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMH shares. Mizuho increased their target price on shares of 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. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $36.00 to $42.00 in a research note on Monday, August 26th. UBS Group increased their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Royal Bank of Canada boosted 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. Finally, The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.60.

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.