KLP Kapitalforvaltning AS Takes $4.34 Million Position in American Homes 4 Rent (NYSE:AMH)

KLP Kapitalforvaltning AS acquired a new stake in American Homes 4 Rent (NYSE:AMH) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 116,100 shares of the real estate investment trust’s stock, valued at approximately $4,344,000.

Other large investors have also bought and sold shares of the company. Atria Investments Inc boosted its holdings in shares of American Homes 4 Rent by 0.4% in the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 316 shares during the period. Assetmark Inc. lifted 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 valued at $52,000 after acquiring an additional 375 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares during the period. State of Michigan Retirement System increased its holdings in American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after purchasing an additional 400 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of American Homes 4 Rent by 14.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 438 shares during the period. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $36.92 on Wednesday. The company has a market cap of $13.67 billion, a P/E ratio of 34.19, a P/E/G ratio of 3.56 and a beta of 0.77. The firm’s fifty day moving average price is $35.51 and its two-hundred day moving average price is $36.93. American Homes 4 Rent has a one year low of $34.01 and a one 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 announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 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 analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 14th. 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 yield of 3.25%. American Homes 4 Rent’s payout ratio is 111.11%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada reduced their price objective 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. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.29.

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.