Proficio Capital Partners LLC Acquires Shares of 20,702 American Homes 4 Rent (NYSE:AMH)

Proficio Capital Partners LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,702 shares of the real estate investment trust’s stock, valued at approximately $775,000.

Several other hedge funds have also recently modified their holdings of AMH. National Pension Service acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp grew its stake in American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 392 shares in the last quarter. Assetmark Inc. raised its holdings in American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 375 shares during the last quarter. UMB Bank n.a. lifted its stake in American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of American Homes 4 Rent by 3,136.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMH shares. Morgan Stanley raised 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 research note on Friday, January 24th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Royal Bank of Canada reduced their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.29.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $36.38 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $13.46 billion, a P/E ratio of 33.68, a P/E/G ratio of 3.56 and a beta of 0.77. The business has a 50-day moving average of $35.44 and a two-hundred day moving average of $36.98. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal 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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date 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 (DPR) 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.