Prudential Financial Inc. Raises Holdings in American Homes 4 Rent (NYSE:AMH)

Prudential Financial Inc. increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,437,930 shares of the real estate investment trust’s stock after buying an additional 33,604 shares during the period. Prudential Financial Inc. owned about 0.39% of American Homes 4 Rent worth $53,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMH. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent during the 4th quarter worth about $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its holdings in American Homes 4 Rent by 56.6% during the fourth 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. UMB Bank n.a. raised its stake in 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 buying an additional 607 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings 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 buying an additional 375 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reduced their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Mizuho decreased 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 research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.29.

American Homes 4 Rent Stock Up 2.1 %

American Homes 4 Rent stock opened at $37.14 on Tuesday. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The company has a market cap of $13.74 billion, a PE ratio of 34.38, a PEG ratio of 3.56 and a beta of 0.77. 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 business’s 50-day simple moving average is $35.47 and its two-hundred day simple moving average is $36.94.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 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 analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase 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 3.23%. 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.