Intech Investment Management LLC Invests $302,000 in American Homes 4 Rent (NYSE:AMH)

Intech Investment Management LLC bought a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,074 shares of the real estate investment trust’s stock, valued at approximately $302,000.

Several other institutional investors have also bought and sold shares of the stock. National Pension Service purchased a new position in American Homes 4 Rent during the 4th quarter worth $30,000. Jones Financial Companies Lllp lifted its position in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 392 shares in the last quarter. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 77.2% during the fourth 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 during the last quarter. Assetmark Inc. grew its position 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 purchasing an additional 375 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in American Homes 4 Rent by 3,136.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,474 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMH. Mizuho cut their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Barclays boosted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Royal Bank of Canada decreased 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. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.29.

American Homes 4 Rent Trading Down 0.5 %

Shares of AMH stock opened at $36.92 on Wednesday. The stock has a market capitalization 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’s fifty day simple moving average is $35.51 and its two-hundred day simple moving average is $36.93. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (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 business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. As a group, analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current 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 given a dividend of $0.30 per share. The ex-dividend date of this dividend 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 3.25%. American Homes 4 Rent’s payout ratio is presently 111.11%.

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.