Masterton Capital Management LP Acquires 243,548 Shares of American Homes 4 Rent (NYSE:AMH)

Masterton Capital Management LP increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 310.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,982 shares of the real estate investment trust’s stock after purchasing an additional 243,548 shares during the quarter. American Homes 4 Rent accounts for approximately 6.8% of Masterton Capital Management LP’s investment portfolio, making the stock its 5th largest position. Masterton Capital Management LP owned 0.09% of American Homes 4 Rent worth $12,049,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in American Homes 4 Rent by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after purchasing an additional 8,370 shares during the period. Clearbridge Investments LLC increased its position in American Homes 4 Rent by 26.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock worth $105,597,000 after buying an additional 588,302 shares during the last quarter. PGGM Investments increased its stake in shares of American Homes 4 Rent by 7.3% in the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after purchasing an additional 71,890 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 110,022 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of American Homes 4 Rent by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust’s stock valued at $18,861,000 after acquiring an additional 22,310 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 1.2 %

Shares of NYSE AMH opened at $37.27 on Tuesday. The stock has a market capitalization of $13.79 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. 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 12-month low of $31.68 and a 12-month high of $41.41. The stock’s fifty day simple moving average is $36.11 and its two-hundred day simple moving average is $36.43.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMH shares. Raymond James dropped their price objective on American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. 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. Barclays boosted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. JMP Securities reiterated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Mizuho cut their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of “Hold” and an average price target of $40.14.

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.