Raymond James Financial Inc. Invests $6.82 Million in American Homes 4 Rent (NYSE:AMH)

Raymond James Financial Inc. 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 13F filing with the Securities and Exchange Commission. The firm bought 182,274 shares of the real estate investment trust’s stock, valued at approximately $6,821,000.

Other hedge funds also recently modified their holdings of the company. National Pension Service acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $30,000. Jones Financial Companies Lllp lifted its stake in shares of 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 worth $41,000 after buying an additional 392 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of American Homes 4 Rent by 77.2% during the 4th 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 during the last quarter. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 375 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake 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 buying an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMH. Mizuho cut their target price on shares of 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. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada dropped 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 research report on Monday, February 24th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Hold” and a consensus price target of $40.29.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $36.38 on Monday. The stock’s 50-day simple moving average is $35.44 and its 200 day simple moving average is $36.96. The firm has a market capitalization of $13.46 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. 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 has a twelve month low of $34.01 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. On average, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. 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. This represents a $1.20 annualized dividend and a yield of 3.30%. American Homes 4 Rent’s dividend payout ratio (DPR) 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.