Assetmark Inc. Boosts Position in American Homes 4 Rent (NYSE:AMH)

Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 359.1% in the third quarter, Holdings Channel.com reports. The fund owned 1,010 shares of the real estate investment trust’s stock after purchasing an additional 790 shares during the period. Assetmark Inc.’s holdings in American Homes 4 Rent were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Easterly Investment Partners LLC lifted its holdings in American Homes 4 Rent by 91.4% in the third quarter. Easterly Investment Partners LLC now owns 475,214 shares of the real estate investment trust’s stock worth $18,243,000 after buying an additional 226,900 shares during the period. Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent during the 3rd quarter valued at approximately $53,000. Van ECK Associates Corp increased its holdings in shares of American Homes 4 Rent by 12.2% during the third quarter. Van ECK Associates Corp now owns 143,072 shares of the real estate investment trust’s stock valued at $5,587,000 after acquiring an additional 15,609 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 worth $90,000 after buying an additional 1,126 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of American Homes 4 Rent by 9.1% in the third quarter. Stephens Inc. AR now owns 14,901 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 1,245 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $37.43 on Tuesday. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 3.24 and a beta of 0.77. The firm’s 50-day moving average is $38.14 and its 200 day moving average is $37.39. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. 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 (NYSE:AMH) last released its quarterly earnings data 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). The firm had revenue of $445.06 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

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 issued a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMH shares. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reiterated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Mizuho boosted their price objective 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. raised their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.