Steward Partners Investment Advisory LLC Buys 438 Shares of American Homes 4 Rent (NYSE:AMH)

Steward Partners Investment Advisory LLC boosted its stake in American Homes 4 Rent (NYSE:AMH) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,493 shares of the real estate investment trust’s stock after purchasing an additional 438 shares during the period. Steward Partners Investment Advisory LLC’s holdings in American Homes 4 Rent were worth $131,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AMH. TCW Group Inc. bought a new stake in American Homes 4 Rent during the third quarter valued at approximately $962,000. Bank of New York Mellon Corp grew its stake in shares of American Homes 4 Rent by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock valued at $110,701,000 after acquiring an additional 248,729 shares during the period. Swedbank AB grew its stake in shares of American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after acquiring an additional 100,000 shares during the period. JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after purchasing an additional 214,242 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of American Homes 4 Rent in the third quarter worth approximately $1,456,000. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada dropped their price objective 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. Mizuho dropped their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. 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. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $40.33.

American Homes 4 Rent Stock Up 2.2 %

Shares of AMH opened at $35.41 on Monday. The company has a market cap of $13.11 billion, a PE ratio of 32.79, a P/E/G ratio of 3.56 and a beta of 0.77. The business has a fifty day moving average of $35.40 and a 200 day moving average of $37.08. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last released its earnings results 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. The firm 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%. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.39%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

American Homes 4 Rent Company 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.