TD Asset Management Inc Raises Stock Position in American Homes 4 Rent (NYSE:AMH)

TD Asset Management Inc grew its holdings in American Homes 4 Rent (NYSE:AMHFree Report) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,669 shares of the real estate investment trust’s stock after purchasing an additional 15,664 shares during the quarter. TD Asset Management Inc’s holdings in American Homes 4 Rent were worth $3,548,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in American Homes 4 Rent by 67.6% in the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after buying an additional 331,168 shares during the period. Scissortail Wealth Management LLC purchased a new position in American Homes 4 Rent in the fourth quarter valued at $801,000. Bank of Nova Scotia increased its holdings in American Homes 4 Rent by 18.1% during the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 1,183 shares during the period. Manning & Napier Group LLC boosted its stake in shares of American Homes 4 Rent by 59.2% in the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock valued at $6,198,000 after buying an additional 64,131 shares during the period. Finally, Westpac Banking Corp grew its position in shares of American Homes 4 Rent by 1.7% during the fourth quarter. Westpac Banking Corp now owns 123,110 shares of the real estate investment trust’s stock worth $4,427,000 after buying an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.77 on Friday. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97. The stock has a market cap of $13.10 billion, a P/E ratio of 36.80, a PEG ratio of 3.07 and a beta of 0.72. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $36.01 and a two-hundred day moving average of $35.82.

American Homes 4 Rent (NYSE:AMHGet Free Report) last issued its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts predict that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average price of $22.78 per share, with a total value of $227,800.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of American Homes 4 Rent stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan acquired 10,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $22.78 per share, with a total value of $227,800.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $227,800. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMH shares. Raymond James increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods lifted their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. Scotiabank increased their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Barclays cut their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $41.00 in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.64.

Check Out Our Latest Research Report on American Homes 4 Rent

About American Homes 4 Rent

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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