OFI Invest Asset Management Makes New Investment in American Homes 4 Rent (NYSE:AMH)

OFI Invest Asset Management bought a new position in American Homes 4 Rent (NYSE:AMH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,480 shares of the real estate investment trust’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors 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 approximately $30,000. Assetmark Inc. lifted its position in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of American Homes 4 Rent by 56.6% in 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. lifted its position in shares of 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 purchasing an additional 607 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of 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 worth $58,000 after purchasing an additional 1,474 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 0.4 %

NYSE:AMH opened at $36.22 on Monday. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 3.56 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $35.59 and its 200-day moving average is $37.20.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data 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. The business had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS 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. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.47.

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.