American Homes 4 Rent (NYSE:AMH) Shares Acquired by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 37.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,385 shares of the real estate investment trust’s stock after acquiring an additional 375 shares during the period. Assetmark Inc.’s holdings in American Homes 4 Rent were worth $52,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. KBC Group NV increased its holdings in American Homes 4 Rent by 553.0% in the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock valued at $14,543,000 after buying an additional 320,805 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of American Homes 4 Rent by 23.9% in the 3rd quarter. Metis Global Partners LLC now owns 36,564 shares of the real estate investment trust’s stock worth $1,404,000 after acquiring an additional 7,050 shares during the period. Natixis Advisors LLC increased its stake in American Homes 4 Rent by 1.2% in the 3rd quarter. Natixis Advisors LLC now owns 88,650 shares of the real estate investment trust’s stock valued at $3,403,000 after purchasing an additional 1,031 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in American Homes 4 Rent by 49.0% during the third quarter. Thrivent Financial for Lutherans now owns 132,098 shares of the real estate investment trust’s stock worth $5,071,000 after purchasing an additional 43,417 shares during the last quarter. Finally, Quest Partners LLC boosted its position in American Homes 4 Rent by 1,172,625.0% during the third quarter. Quest Partners LLC now owns 140,727 shares of the real estate investment trust’s stock worth $5,403,000 after purchasing an additional 140,715 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AMH shares. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a research report on Thursday, January 23rd. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. Mizuho dropped 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. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One equities 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 company. Based on data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

American Homes 4 Rent Price Performance

AMH opened at $35.41 on Friday. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 3.56 and a beta of 0.77. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $35.40 and a 200 day simple moving average of $37.09.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Equities research 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 will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend 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.