JPMorgan Chase & Co. Buys 689,741 Shares of American Homes 4 Rent (NYSE:AMH)

JPMorgan Chase & Co. lifted its stake in American Homes 4 Rent (NYSE:AMH) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 13,805,224 shares of the real estate investment trust’s stock after buying an additional 689,741 shares during the quarter. JPMorgan Chase & Co.’s holdings in American Homes 4 Rent were worth $516,591,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atria Investments Inc lifted its holdings in 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 worth $3,175,000 after buying an additional 316 shares during the period. Assetmark Inc. raised its position in shares of 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 worth $52,000 after acquiring an additional 375 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 purchasing an additional 392 shares during the period. State of Michigan Retirement System lifted its stake in shares of American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock valued at $2,810,000 after purchasing an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of American Homes 4 Rent by 14.3% during the fourth 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 in the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMH shares. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Barclays lifted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. JMP Securities restated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Finally, Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and an average price target of $40.23.

American Homes 4 Rent Trading Up 0.3 %

American Homes 4 Rent stock opened at $37.58 on Friday. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The business’s fifty day moving average is $35.66 and its 200 day moving average is $36.90. The stock has a market capitalization of $13.91 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS 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. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. American Homes 4 Rent’s payout ratio is currently 111.11%.

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.