American Homes 4 Rent (NYSE:AMH) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System boosted its position in American Homes 4 Rent (NYSE:AMH) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,639 shares of the real estate investment trust’s stock after purchasing an additional 1,347 shares during the period. Arizona State Retirement System’s holdings in American Homes 4 Rent were worth $3,579,000 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. Atria Investments Inc raised its stake in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock worth $3,175,000 after buying an additional 316 shares in the last quarter. Assetmark Inc. grew its holdings in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares during the period. Jones Financial Companies Lllp raised its position in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 392 shares in the last quarter. State of Michigan Retirement System lifted its holdings in American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock valued at $2,810,000 after acquiring an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of American Homes 4 Rent by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 438 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Barclays dropped their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

American Homes 4 Rent Trading Up 0.4 %

NYSE:AMH opened at $36.22 on Monday. The stock has a market cap of $13.41 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock’s 50-day moving average is $35.59 and its two-hundred day moving average is $37.20.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

American Homes 4 Rent Company 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.