Brooklyn FI LLC Buys Shares of 8,320 American Homes 4 Rent (NYSE:AMH)

Brooklyn FI LLC acquired a new stake in American Homes 4 Rent (NYSE:AMH) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,320 shares of the real estate investment trust’s stock, valued at approximately $311,000.

Other hedge funds also recently made changes to their positions in the company. National Pension Service purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth $30,000. Jones Financial Companies Lllp grew its holdings in shares of 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 worth $41,000 after purchasing an additional 392 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares in the last quarter. Assetmark Inc. increased its position in shares of American Homes 4 Rent by 37.1% in 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 last quarter. Finally, Loomis Sayles & Co. L P raised its stake in American Homes 4 Rent by 3,136.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,474 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMH has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research report on Thursday, January 23rd. Mizuho reduced their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada decreased their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $39.00 to $40.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.33.

American Homes 4 Rent Price Performance

AMH stock opened at $36.34 on Thursday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month 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. The firm’s 50-day moving average price is $35.41 and its two-hundred day moving average price is $37.03. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of 33.64, 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date 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 annualized dividend and a yield of 3.30%. American Homes 4 Rent’s dividend payout ratio (DPR) 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.