UniSuper Management Pty Ltd Has $3.79 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

UniSuper Management Pty Ltd decreased its position in American Homes 4 Rent (NYSE:AMH) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 101,200 shares of the real estate investment trust’s stock after selling 2,500 shares during the period. UniSuper Management Pty Ltd’s holdings in American Homes 4 Rent were worth $3,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AMH. Janus Henderson Group PLC raised its stake in shares of American Homes 4 Rent by 2,150.3% in the third 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 purchasing an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after buying an additional 1,015,351 shares in the last quarter. FMR LLC lifted its holdings in shares of American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after acquiring an additional 937,116 shares during the period. JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 5.3% during the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in American Homes 4 Rent by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock valued at $110,701,000 after acquiring an additional 248,729 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMH shares. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Mizuho cut their target price on 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. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Royal Bank of Canada cut their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.23.

American Homes 4 Rent Trading Up 0.3 %

Shares of NYSE AMH opened at $37.58 on Friday. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a 50-day moving average of $35.66 and a two-hundred day moving average of $36.92. The company has a market cap of $13.91 billion, a PE ratio of 34.80, a P/E/G ratio of 3.56 and a beta of 0.77. 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 data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, equities analysts expect 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. Investors of record on Friday, March 14th will be issued a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.19%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 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.