TD Asset Management Inc Has $6.54 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Key Points

• TD Asset Management Inc reduced its stake in American Homes 4 Rent by 8.9%, selling 16,971 shares and holding a total of 172,856 shares valued at approximately $6.5 million.
• Analysts have recently upgraded their price targets for American Homes 4 Rent, with Scotiabank raising its objective from $38.00 to $41.00 and Morgan Stanley increasing its target to $40.50.
• American Homes 4 Rent announced a $0.30 quarterly dividend, resulting in a dividend yield of 3.5%, although the company's payout ratio stands at 111.11%.

TD Asset Management Inc reduced its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,856 shares of the real estate investment trust's stock after selling 16,971 shares during the quarter. TD Asset Management Inc's holdings in American Homes 4 Rent were worth $6,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in American Homes 4 Rent by 70.2% during the 1st quarter. Assetmark Inc. now owns 2,357 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 972 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in American Homes 4 Rent by 1.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock valued at $1,323,000 after purchasing an additional 391 shares in the last quarter. AE Wealth Management LLC bought a new position in American Homes 4 Rent during the 1st quarter valued at $237,000. B&I Capital AG boosted its stake in shares of American Homes 4 Rent by 59.8% during the 1st quarter. B&I Capital AG now owns 209,940 shares of the real estate investment trust's stock worth $7,938,000 after acquiring an additional 78,540 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $31,344,000. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

AMH traded up $0.04 during midday trading on Tuesday, reaching $35.52. 509,524 shares of the company's stock were exchanged, compared to its average volume of 2,239,554. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The business has a 50-day simple moving average of $36.27 and a two-hundred day simple moving average of $36.29.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. American Homes 4 Rent's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.30 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. American Homes 4 Rent's payout ratio is 108.11%.

Insider Activity

In other news, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. The trade was a 36.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMH shares. Royal Bank Of Canada raised their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods increased their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Raymond James Financial increased their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank increased their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Evercore ISI increased their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $40.90.

American Homes 4 Rent 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.