Nomura Asset Management Co. Ltd. Has $18.86 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Nomura Asset Management Co. Ltd. increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 504,023 shares of the real estate investment trust’s stock after acquiring an additional 22,310 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in American Homes 4 Rent were worth $18,861,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $822,019,000. Janus Henderson Group PLC grew its holdings in American Homes 4 Rent by 2,150.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after buying an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. increased its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after buying an additional 1,015,351 shares during the period. FMR LLC lifted its holdings in shares of American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after buying an additional 937,116 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after acquiring an additional 689,741 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Mizuho dropped their price objective on shares of 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. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.23.

American Homes 4 Rent Trading Up 0.3 %

Shares of American Homes 4 Rent stock opened at $37.58 on Friday. The firm’s 50 day moving average is $35.66 and its 200 day moving average is $36.90. The firm 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. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

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, topping the consensus estimate 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 company had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. Equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 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.