KBC Group NV Boosts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

KBC Group NV increased its position in American Homes 4 Rent (NYSE:AMH) by 553.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 378,819 shares of the real estate investment trust’s stock after acquiring an additional 320,805 shares during the period. KBC Group NV’s holdings in American Homes 4 Rent were worth $14,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its stake in shares of American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of American Homes 4 Rent by 12.5% in the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 314 shares during the period. Creative Planning raised its holdings in shares of American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in American Homes 4 Rent by 2.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares during the period. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Up 0.2 %

Shares of AMH opened at $37.58 on Friday. The business’s 50 day moving average is $38.17 and its 200 day moving average is $37.36. 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 12-month low of $33.75 and a 12-month high of $41.41. The company has a market capitalization of $13.89 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 3.27 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company 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 company’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. American Homes 4 Rent’s payout ratio is 108.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMH shares. Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. The Goldman Sachs Group started coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target for the company. Scotiabank reiterated an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. UBS Group boosted their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, Mizuho upped their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

About American Homes 4 Rent

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.