Easterly Investment Partners LLC Buys 17,675 Shares of American Homes 4 Rent (NYSE:AMH)

Easterly Investment Partners LLC increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 492,889 shares of the real estate investment trust’s stock after buying an additional 17,675 shares during the quarter. American Homes 4 Rent accounts for approximately 1.4% of Easterly Investment Partners LLC’s holdings, making the stock its 10th biggest holding. Easterly Investment Partners LLC’s holdings in American Homes 4 Rent were worth $18,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMH. Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after acquiring an additional 240,583 shares during the last quarter. Norges Bank bought a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $822,019,000. Principal Financial Group Inc. raised its holdings in American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after purchasing an additional 1,015,351 shares during the period. JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after purchasing an additional 689,741 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after buying an additional 937,116 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMH shares. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. JMP Securities reissued a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their price target 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. Finally, Mizuho lowered their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.29.

American Homes 4 Rent Trading Up 1.0 %

American Homes 4 Rent stock opened at $37.23 on Thursday. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The stock has a 50-day simple moving average of $35.56 and a 200 day simple moving average of $36.93. 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 has a market capitalization of $13.78 billion, a P/E ratio of 34.47, a PEG ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. 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 business 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, March 14th. This is an increase 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.