Bank of Montreal Can Decreases Stake in American Homes 4 Rent (NYSE:AMH)

Bank of Montreal Can cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,637 shares of the real estate investment trust’s stock after selling 11,740 shares during the period. Bank of Montreal Can owned approximately 0.08% of American Homes 4 Rent worth $11,314,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in American Homes 4 Rent by 783.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after acquiring an additional 981,872 shares during the period. Marshall Wace LLP bought a new stake in American Homes 4 Rent in the 2nd quarter worth approximately $17,367,000. Van Lanschot Kempen Investment Management N.V. grew its position in American Homes 4 Rent by 39.3% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock worth $53,420,000 after purchasing an additional 405,468 shares during the period. Retirement Systems of Alabama raised its stake in American Homes 4 Rent by 95.7% during the 2nd quarter. Retirement Systems of Alabama now owns 781,684 shares of the real estate investment trust’s stock valued at $29,047,000 after buying an additional 382,294 shares during the last quarter. Finally, Masterton Capital Management LP bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $12,853,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMH has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group started 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 for the company. JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank reaffirmed an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $38.29 on Monday. 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 52 week low of $33.75 and a 52 week high of $41.41. The stock’s 50-day simple moving average is $37.74 and its 200-day simple moving average is $37.50. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 3.38 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly 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). 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 during the quarter, compared to analysts’ expectations of $443.81 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.72%. American Homes 4 Rent’s payout ratio is 108.33%.

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.