Ceredex Value Advisors LLC Has $34.38 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Ceredex Value Advisors LLC increased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 28.3% in the fourth quarter, HoldingsChannel reports. The firm owned 918,850 shares of the real estate investment trust’s stock after buying an additional 202,800 shares during the period. Ceredex Value Advisors LLC’s holdings in American Homes 4 Rent were worth $34,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at approximately $26,000. National Pension Service bought a new stake in American Homes 4 Rent in the 4th quarter valued at $30,000. Jones Financial Companies Lllp raised 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 valued at $41,000 after acquiring an additional 392 shares during the period. UMB Bank n.a. lifted its holdings in American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Assetmark Inc. boosted its position in American Homes 4 Rent by 37.1% during the fourth 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 during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $36.10 on Wednesday. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock has a fifty day moving average price of $35.85 and a 200-day moving average price of $36.50. 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 company has a market cap of $13.36 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly 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. 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%. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. 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 dividend yield of 3.32%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMH. Scotiabank lowered shares of 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 report on Thursday, January 23rd. Raymond James lowered their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.14.

American Homes 4 Rent 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.