American Homes 4 Rent (NYSE:AMH) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,084 shares of the real estate investment trust’s stock after acquiring an additional 8,370 shares during the period. EverSource Wealth Advisors LLC owned about 0.05% of American Homes 4 Rent worth $7,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service acquired a new position in American Homes 4 Rent during the fourth quarter worth approximately $30,000. Assetmark Inc. grew its stake 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 period. Jones Financial Companies Lllp boosted its stake in shares of 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 valued at $41,000 after purchasing an additional 392 shares during the period. UMB Bank n.a. boosted its stake in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 607 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of American Homes 4 Rent by 3,136.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,474 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.64 on Wednesday. The stock’s 50-day simple moving average is $35.57 and its 200 day simple moving average is $37.18. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41.

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

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. American Homes 4 Rent’s payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research report on Thursday, January 23rd. Finally, Barclays cut their price objective on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.47.

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.