Beacon Investment Advisors LLC Purchases 750 Shares of American Homes 4 Rent (NYSE:AMH)

Beacon Investment Advisors LLC lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,005 shares of the real estate investment trust’s stock after buying an additional 750 shares during the period. Beacon Investment Advisors LLC’s holdings in American Homes 4 Rent were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at $822,019,000. Invesco Ltd. boosted its stake in shares of American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust’s stock worth $235,476,000 after acquiring an additional 4,094,177 shares during the period. Wellington Management Group LLP increased its holdings in shares of American Homes 4 Rent by 96.2% during the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust’s stock worth $119,411,000 after acquiring an additional 1,564,994 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after purchasing an additional 1,015,351 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of American Homes 4 Rent by 143.3% in the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust’s stock valued at $54,138,000 after purchasing an additional 852,117 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

AMH has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. 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 research note on Thursday, March 13th. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Barclays raised their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Finally, 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 research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.14.

American Homes 4 Rent Trading Up 1.4 %

Shares of NYSE AMH opened at $36.86 on Monday. The firm has a 50 day moving average price of $35.93 and a two-hundred day moving average price of $36.46. The stock has a market cap of $13.64 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. 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 issued its earnings results 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 return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is 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.