Elo Mutual Pension Insurance Co Grows Position in American Homes 4 Rent (NYSE:AMH)

Elo Mutual Pension Insurance Co raised its holdings in American Homes 4 Rent (NYSE:AMH) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,449 shares of the real estate investment trust’s stock after purchasing an additional 4,215 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in American Homes 4 Rent were worth $1,252,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of American Homes 4 Rent by 8.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,696 shares of the real estate investment trust’s stock valued at $17,002,000 after purchasing an additional 35,726 shares during the period. Morey & Quinn Wealth Partners LLC purchased a new position in American Homes 4 Rent in the 4th quarter valued at $216,000. Prudential Financial Inc. increased its stake in American Homes 4 Rent by 2.4% in 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 buying an additional 33,604 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent during the 4th quarter worth $26,000. Finally, Vanguard Group Inc. lifted its stake in shares of American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after acquiring an additional 240,583 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMH shares. JMP Securities reiterated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Mizuho reduced their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reduced their target price on 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.23.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $37.58 on Monday. 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 market capitalization of $13.91 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The firm has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $36.88. 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 issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. As a group, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is currently 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.