Balyasny Asset Management L.P. Purchases 129,844 Shares of American Homes 4 Rent (NYSE:AMH)

Balyasny Asset Management L.P. lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 15.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 973,205 shares of the real estate investment trust’s stock after purchasing an additional 129,844 shares during the quarter. Balyasny Asset Management L.P.’s holdings in American Homes 4 Rent were worth $36,417,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of American Homes 4 Rent by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock valued at $7,337,000 after purchasing an additional 8,370 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust’s stock valued at $74,438,000 after purchasing an additional 1,291,865 shares during the period. Clearbridge Investments LLC boosted its position in shares of American Homes 4 Rent by 26.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock worth $105,597,000 after purchasing an additional 588,302 shares in the last quarter. PGGM Investments grew its stake in shares of American Homes 4 Rent by 7.3% in the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock valued at $39,760,000 after buying an additional 71,890 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after buying an additional 110,022 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Scotiabank downgraded 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 report on Thursday, January 23rd. Royal Bank of Canada increased their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Monday. Evercore ISI increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Mizuho decreased 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 report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and an average price target of $40.21.

American Homes 4 Rent Trading Down 1.1 %

NYSE:AMH opened at $38.88 on Tuesday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The stock’s fifty day moving average price is $36.40 and its two-hundred day moving average price is $36.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market cap of $14.39 billion, a P/E ratio of 36.00, a P/E/G ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same quarter in the prior year, the firm posted $0.43 EPS. American Homes 4 Rent’s revenue was up 8.4% on a year-over-year basis. As a group, analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed 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. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.09%. American Homes 4 Rent’s dividend payout ratio (DPR) 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.