1,455 shares of American Homes 4 Rent (NYSE:AMH) acquired by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent (NYSE:AMH – Free Report) during the second quarter, the company said in its most recent filing with the Securities & Exchange Commission (SEC). The firm acquired 1,455 shares of the real estate investment trust valued at approximately $54,000.

Several other hedge funds and other institutional investors have also recently changed their holdings in AMH. Tobam increased its holdings in shares of American Homes 4 Rent by 2,192.9% in the fourth quarter. Tobam now owns 963 shares of the real estate investment trust worth $35,000 after acquiring an additional 921 shares in the last quarter. GAMMA Investing LLC bought a new position in American Homes 4 Rent in the fourth quarter worth $44,000. Capital Analysts LLC increased its holdings in American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust worth $52,000 after acquiring an additional 528 shares in the last quarter. Quarry LP increased its holdings in shares of American Homes 4 Rent by 216.3% in the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of American Homes 4 Rent by 33.5% in the fourth quarter. Signaturefd LLC now owns 2,353 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 591 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Analysts set new price targets

AMH has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Evercore ISI raised their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a report on Tuesday, July 9th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Barclays lowered their price target on American Homes 4 Rent from $43.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.86, according to data from MarketBeat.com.

Read our latest stock report on American Homes 4 Rent

Performance of American Homes 4 Rent shares

AMH shares opened at $38.34 on Friday. The stock’s 50-day moving average is $36.50 and its 200-day moving average is $36.05. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $38.91. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its earnings results on Thursday, August 1. The real estate investment trust reported earnings per share (EPS) of $0.25 for the quarter, missing the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million for the quarter, compared to analyst expectations of $422.46 million. American Homes 4 Rent posted return on equity of 4.91% and net margin of 21.83%. The company’s revenue for the quarter increased 7.1% compared to the year-ago quarter. In the year-ago quarter, the company posted earnings per share of $0.41. Research analysts forecast that American Homes 4 Rent will report earnings per share of $1.74 for the current fiscal year.

American Homes 4 Rent Company Profile

(Free report)

AMH (NYSE: AMH) is a leading integrated owner, operator and developer of large-scale single-family rental properties. We are 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 home rental experience and provide certainty to households across the country.