Townsquare Capital LLC Takes Position in American Homes 4 Rent (NYSE:AMH)

Townsquare Capital LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,926 shares of the real estate investment trust’s stock, valued at approximately $222,000.

Several other large investors have also added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of American Homes 4 Rent during the 4th quarter valued at $30,000. Jones Financial Companies Lllp increased its holdings 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 worth $41,000 after purchasing an additional 392 shares during the period. UMB Bank n.a. raised its position 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 worth $52,000 after buying an additional 607 shares in the last quarter. Finally, Assetmark Inc. boosted its stake 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 buying an additional 375 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMH. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Raymond James cut their price target on shares of 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. Barclays raised their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. JMP Securities reissued a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Mizuho dropped their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent has an average rating of “Hold” and an average price target of $40.14.

American Homes 4 Rent Price Performance

AMH stock opened at $37.27 on Wednesday. The firm’s 50-day moving average price is $35.98 and its two-hundred day moving average price is $36.45. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 34.51, a PEG 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.

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, topping the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million during the quarter, compared to analyst estimates 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 predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued 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 was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.22%. American Homes 4 Rent’s dividend payout ratio is 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.