Employees Retirement System of Texas Increases Stake in American Homes 4 Rent (NYSE:AMH)

Employees Retirement System of Texas raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,565 shares of the real estate investment trust’s stock after acquiring an additional 54,704 shares during the quarter. Employees Retirement System of Texas owned approximately 0.07% of American Homes 4 Rent worth $103,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent during the fourth quarter valued at $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp grew 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 valued at $41,000 after acquiring an additional 392 shares during the period. Assetmark Inc. increased 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 worth $52,000 after acquiring an additional 375 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in 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 acquiring an additional 607 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 4.6 %

Shares of NYSE AMH opened at $35.47 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. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The firm’s 50-day moving average price is $35.89 and its 200-day moving average price is $36.76. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 3.56 and a beta of 0.77.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to the consensus estimate 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, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. American Homes 4 Rent’s payout ratio is currently 111.11%.

Analyst Ratings Changes

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

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.