Aew Capital Management Inc. Buys New Stake in American Homes 4 Rent $AMH

Key Points

• Aew Capital Management opened a new position in American Homes 4 Rent, buying 1.49 million shares worth about $45.2 million, or roughly 0.41% of the REIT.
• Several other institutional investors also increased their holdings, and hedge funds and other institutions collectively owned 91.87% of AMH shares.
• AMH reported quarterly EPS of $0.50, beating the $0.18 consensus, and revenue rose 4.1% year over year. The company also declared a $0.33 quarterly dividend, equivalent to a 4.1% yield at the article’s cited share price.

Aew Capital Management Inc. acquired a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,486,044 shares of the real estate investment trust's stock, valued at approximately $45,161,000. American Homes 4 Rent makes up 3.0% of Aew Capital Management Inc.'s investment portfolio, making the stock its 15th biggest position. Aew Capital Management Inc. owned about 0.41% of American Homes 4 Rent at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Maryland State Retirement & Pension System lifted its stake in American Homes 4 Rent by 11.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 19,428 shares of the real estate investment trust's stock valued at $590,000 after acquiring an additional 2,048 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in shares of American Homes 4 Rent by 25.6% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 54,327 shares of the real estate investment trust's stock worth $1,651,000 after acquiring an additional 11,086 shares during the period. New York Life Investment Management LLC increased its position in American Homes 4 Rent by 14.2% during the third quarter. New York Life Investment Management LLC now owns 49,092 shares of the real estate investment trust's stock valued at $1,492,000 after acquiring an additional 6,104 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in American Homes 4 Rent by 12.7% in the third quarter. AlphaCore Capital LLC now owns 12,611 shares of the real estate investment trust's stock valued at $383,000 after acquiring an additional 1,426 shares during the period. Finally, Bryn Mawr Trust Advisors LLC grew its stake in shares of American Homes 4 Rent by 2.1% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 134,027 shares of the real estate investment trust's stock valued at $4,073,000 after purchasing an additional 2,714 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

AMH opened at $32.51 on Thursday. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.07. The firm's fifty day simple moving average is $31.43 and its two-hundred day simple moving average is $31.64. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.70. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 3.00 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.32. The business had revenue of $498.07 million during the quarter, compared to the consensus estimate of $488.73 million. American Homes 4 Rent had a return on equity of 6.07% and a net margin of 24.17%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.91 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.20%.

Insider Buying and Selling

In other news, Director Jack Corrigan acquired 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $21.49 per share, with a total value of $171,920.00. Following the completion of the purchase, the director owned 25,000 shares of the company's stock, valued at approximately $537,250. This represents a 47.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 15,000 shares of company stock worth $328,040 in the last quarter. 5.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMH. Truist Financial set a $45.00 target price on American Homes 4 Rent in a research report on Friday, November 6th. Zelman & Associates began coverage on shares of American Homes 4 Rent in a report on Friday, November 6th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 19th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of American Homes 4 Rent in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.65.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.

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