Morey & Quinn Wealth Partners LLC Takes $216,000 Position in American Homes 4 Rent (NYSE:AMH)

Morey & Quinn Wealth Partners LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,770 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in shares of American Homes 4 Rent by 2.4% during the 4th quarter. Prudential Financial Inc. now owns 1,437,930 shares of the real estate investment trust’s stock valued at $53,807,000 after purchasing an additional 33,604 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in American Homes 4 Rent during the fourth quarter worth approximately $26,000. Vanguard Group Inc. boosted its holdings in American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after buying an additional 240,583 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at $4,344,000. Finally, American Century Companies Inc. lifted its position in shares of American Homes 4 Rent by 12.5% during the 4th quarter. American Century Companies Inc. now owns 879,193 shares of the real estate investment trust’s stock valued at $32,899,000 after acquiring an additional 97,765 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Down 0.5 %

Shares of NYSE AMH opened at $36.92 on Wednesday. The business has a 50 day simple moving average of $35.51 and a 200 day simple moving average of $36.93. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The stock has a market cap of $13.67 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. On average, research analysts predict that American Homes 4 Rent will post 1.85 earnings per share 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. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. 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 3.25%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analyst Ratings Changes

AMH has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft cut 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 report on Tuesday, January 21st. Barclays upped their price target 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. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.29.

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.