Quadrant Capital Group LLC Has $132,000 Position in American Homes 4 Rent (NYSE:AMH)

Quadrant Capital Group LLC boosted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 11.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,532 shares of the real estate investment trust’s stock after purchasing an additional 376 shares during the quarter. Quadrant Capital Group LLC’s holdings in American Homes 4 Rent were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMH. Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after buying an additional 240,583 shares in the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at $822,019,000. Principal Financial Group Inc. increased its stake in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after buying an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after buying an additional 689,741 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in American Homes 4 Rent by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after purchasing an additional 110,022 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 7.0 %

AMH stock opened at $35.11 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $13.00 billion, a PE ratio of 32.51, a PEG ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The business’s 50 day simple moving average is $35.81 and its 200 day simple moving average is $36.60.

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

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

A number of analysts recently commented on AMH shares. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a research report on Thursday, January 23rd. Barclays raised their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and an average target price of $40.23.

About American Homes 4 Rent

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.