Vestcor Inc Has $6.39 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Vestcor Inc lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 43.9% during the fourth quarter, Holdings Channel reports. The firm owned 170,723 shares of the real estate investment trust’s stock after purchasing an additional 52,095 shares during the quarter. Vestcor Inc’s holdings in American Homes 4 Rent were worth $6,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TCW Group Inc. acquired a new stake in shares of American Homes 4 Rent during the third quarter worth $962,000. Charles Schwab Investment Management Inc. raised its position in shares of American Homes 4 Rent by 2.6% during 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. Bank of New York Mellon Corp raised its position in shares of American Homes 4 Rent by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after purchasing an additional 248,729 shares during the period. Swedbank AB raised its position in shares of American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after purchasing an additional 100,000 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after purchasing an additional 214,242 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMH shares. Barclays lifted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.53.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $35.02 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 3.56 and a beta of 0.77. The business’s 50-day simple moving average is $35.53 and its 200-day simple moving average is $37.16. 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 issued 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. 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. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.43%. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

American Homes 4 Rent 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.