Allstate Corp Buys Shares of 9,915 American Homes 4 Rent (NYSE:AMH)

Allstate Corp purchased a new position in American Homes 4 Rent (NYSE:AMH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,915 shares of the real estate investment trust’s stock, valued at approximately $371,000.

A number of other institutional investors have also made changes to their positions in the stock. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 56.6% during the 4th 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 during 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 valued at $52,000 after purchasing an additional 375 shares during the period. Finally, UMB Bank n.a. grew its holdings in American Homes 4 Rent by 77.2% during 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. 91.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMH shares. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Barclays boosted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Mizuho decreased their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Finally, Royal Bank of Canada lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.23.

American Homes 4 Rent Stock Up 0.6 %

American Homes 4 Rent stock opened at $37.89 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. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a fifty day simple moving average of $35.82 and a 200 day simple moving average of $36.84. The company has a market cap of $14.02 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million during 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%. Research analysts anticipate 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. American Homes 4 Rent’s payout ratio is 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.