Aberdeen Group plc lifted its position in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 11.1% in the 2nd quarter, Holdings Channel reports. The fund owned 125,602 shares of the real estate investment trust’s stock after buying an additional 12,579 shares during the quarter. Aberdeen Group plc’s holdings in American Homes 4 Rent were worth $4,530,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of American Homes 4 Rent during the 1st quarter worth $29,000. Pandora Wealth Inc. bought a new position in American Homes 4 Rent in the 1st quarter worth about $38,000. SVB Wealth LLC bought a new position in American Homes 4 Rent in the 1st quarter worth about $42,000. Oliver Lagore Vanvalin Investment Group bought a new position in American Homes 4 Rent in the 2nd quarter worth about $49,000. Finally, Avalon Trust Co bought a new position in American Homes 4 Rent in the 1st quarter worth about $52,000. Institutional investors own 91.87% of the company’s stock.
American Homes 4 Rent Stock Performance
Shares of NYSE AMH opened at $32.64 on Friday. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 2.98 and a beta of 0.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $39.49. The stock’s 50-day moving average is $33.91 and its 200 day moving average is $35.64.
American Homes 4 Rent Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, September 15th. American Homes 4 Rent’s payout ratio is 108.11%.
Analysts Set New Price Targets
Several brokerages have commented on AMH. Wells Fargo & Company cut their target price on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Evercore ISI dropped their price target on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Barclays dropped their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Finally, Morgan Stanley lifted their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.57.
Check Out Our Latest Analysis on AMH
American Homes 4 Rent Company Profile
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
Featured Stories
- Five stocks we like better than American Homes 4 Rent
- How to find penny stocks to invest and trade
- Salesforce’s Long-Awaited Inflection is Here: Rally On!
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Rocket Lab USA Receives Wall Street Validation: Time to Buy?
- What is Forex and How Does it Work?
- Archer Buys Rival’s Patent Treasure Trove in Strategic Move
Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMH – Free Report).
Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.