American Homes 4 Rent (NYSE:AMH) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its holdings in American Homes 4 Rent (NYSE:AMH) by 53.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,288,915 shares of the real estate investment trust’s stock after buying an additional 448,124 shares during the period. ExodusPoint Capital Management LP owned 0.35% of American Homes 4 Rent worth $48,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at about $26,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its holdings 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 valued at $41,000 after purchasing an additional 392 shares during the last quarter. Assetmark Inc. lifted its position 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 in the last quarter. Finally, UMB Bank n.a. boosted its stake in 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 buying an additional 607 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AMH. 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 note on Thursday, January 23rd. Mizuho reduced their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Barclays upped their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.23.

American Homes 4 Rent Stock Up 0.6 %

Shares of NYSE AMH opened at $37.89 on Thursday. The stock has a market cap of $14.02 billion, a P/E ratio of 35.08, a PEG ratio of 3.56 and a beta of 0.77. The business’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $36.84. 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.

American Homes 4 Rent (NYSE:AMH) last posted 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 return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is 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.