Catalyst Capital Advisors LLC Takes Position in American Homes 4 Rent (NYSE:AMH)

Catalyst Capital Advisors LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,387 shares of the real estate investment trust’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of American Homes 4 Rent by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 143,072 shares of the real estate investment trust’s stock worth $5,587,000 after acquiring an additional 15,609 shares in the last quarter. Farther Finance Advisors LLC grew its position in American Homes 4 Rent by 93.1% in the third quarter. Farther Finance Advisors LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 1,126 shares in the last quarter. Stephens Inc. AR increased its stake in American Homes 4 Rent by 9.1% in the 3rd quarter. Stephens Inc. AR now owns 14,901 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 1,245 shares during the last quarter. US Bancorp DE lifted its position in American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 478 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in shares of American Homes 4 Rent by 28.3% during the 3rd quarter. Tectonic Advisors LLC now owns 171,697 shares of the real estate investment trust’s stock worth $6,591,000 after buying an additional 37,915 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $36.37 on Thursday. The firm has a market cap of $13.33 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77. The business’s 50 day moving average is $38.48 and its 200-day moving average is $37.29. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share 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 firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the previous year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. American Homes 4 Rent’s payout ratio is presently 108.33%.

Analysts Set New Price Targets

AMH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday. Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. The Goldman Sachs Group assumed 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 target on the stock. Finally, Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $41.53.

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.