American Homes 4 Rent (NYSE:AMH) Stake Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,696 shares of the real estate investment trust’s stock after acquiring an additional 35,726 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in American Homes 4 Rent were worth $17,002,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth approximately $26,000. National Pension Service purchased a new stake in American Homes 4 Rent in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp boosted 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 buying an additional 392 shares during the period. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 37.1% during 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. Finally, UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 77.2% in the fourth 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 last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 0.3 %

Shares of NYSE:AMH opened at $37.58 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The stock’s 50-day moving average is $35.66 and its 200-day moving average is $36.88. The company has a market cap of $13.91 billion, a P/E ratio of 34.80, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results 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. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. Equities research analysts predict 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. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMH. Mizuho reduced their price objective 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. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Royal Bank of Canada dropped their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.