Elo Mutual Pension Insurance Co Raises Position in American Homes 4 Rent (NYSE:AMH)

Elo Mutual Pension Insurance Co increased its holdings in American Homes 4 Rent (NYSE:AMH) by 14.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,449 shares of the real estate investment trust’s stock after purchasing an additional 4,215 shares during the period. Elo Mutual Pension Insurance Co’s holdings in American Homes 4 Rent were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after buying an additional 240,583 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in American Homes 4 Rent by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after purchasing an additional 214,242 shares during the period. FMR LLC increased its position in American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in American Homes 4 Rent by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after purchasing an additional 110,022 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. 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 note on Tuesday, January 21st. 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. Royal Bank of Canada reduced their price objective on 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. Mizuho dropped 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. Finally, Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Hold” and a consensus price target of $40.23.

American Homes 4 Rent Stock Up 0.3 %

Shares of NYSE AMH opened at $37.58 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The stock’s 50-day simple moving average is $35.66 and its 200-day simple moving average is $36.88. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 3.56 and a beta of 0.77.

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 (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. 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. American Homes 4 Rent’s dividend payout ratio is 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.