Zurcher Kantonalbank Zurich Cantonalbank Has $24.42 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Homes 4 Rent (NYSE:AMH) by 51.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 636,212 shares of the real estate investment trust’s stock after buying an additional 217,492 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of American Homes 4 Rent worth $24,424,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent in the third quarter valued at approximately $25,000. UMB Bank n.a. grew its position in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at $32,000. Assetmark Inc. raised its holdings in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent in the second quarter valued at $44,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMH. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price for the company. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Royal Bank of Canada lifted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, UBS Group lifted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $38.29 on Friday. The company has a market capitalization of $14.15 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The company has a 50-day simple moving average of $37.77 and a 200 day simple moving average of $37.47.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results 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). The company had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. On average, research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. American Homes 4 Rent’s payout ratio is 108.33%.

American Homes 4 Rent Profile

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.