Arizona State Retirement System Boosts Position in American Homes 4 Rent (NYSE:AMH)

Arizona State Retirement System grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,639 shares of the real estate investment trust’s stock after buying an additional 1,347 shares during the quarter. Arizona State Retirement System’s holdings in American Homes 4 Rent were worth $3,579,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Atria Investments Inc lifted its holdings in shares of American Homes 4 Rent by 0.4% during the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after acquiring an additional 316 shares in the last quarter. Assetmark Inc. lifted its stake in shares of 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 worth $52,000 after purchasing an additional 375 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of American Homes 4 Rent by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after buying an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 438 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMH has been the topic of several recent research reports. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Royal Bank of Canada lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.47.

American Homes 4 Rent Stock Up 0.4 %

American Homes 4 Rent stock opened at $36.22 on Monday. The firm has a market capitalization of $13.41 billion, a P/E ratio of 33.54, a P/E/G ratio of 3.56 and a beta of 0.77. The company has a 50-day simple moving average of $35.59 and a 200-day simple moving average of $37.20. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. 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 (NYSE:AMH) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.31%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is presently 111.11%.

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.