Employees Retirement System of Texas Buys 54,704 Shares of American Homes 4 Rent (NYSE:AMH)

Employees Retirement System of Texas increased its position in American Homes 4 Rent (NYSE:AMH) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,565 shares of the real estate investment trust’s stock after purchasing an additional 54,704 shares during the quarter. Employees Retirement System of Texas’ holdings in American Homes 4 Rent were worth $103,116,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Investment Management Corp of Ontario grew its position in shares of American Homes 4 Rent by 49.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 10,894 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 3,600 shares in the last quarter. Quarry LP purchased a new position in American Homes 4 Rent during the 3rd quarter valued at about $66,000. Worldquant Millennium Advisors LLC raised its holdings in shares of American Homes 4 Rent by 731.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 76,907 shares of the real estate investment trust’s stock valued at $2,952,000 after purchasing an additional 67,652 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the 3rd quarter worth approximately $213,000. Finally, iA Global Asset Management Inc. boosted its stake in shares of American Homes 4 Rent by 21.3% during the third quarter. iA Global Asset Management Inc. now owns 7,527 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 1,324 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.47 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. The stock has a 50-day moving average of $35.89 and a two-hundred day moving average of $36.76. The stock has a market cap of $13.13 billion, a P/E ratio of 32.84, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping 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 firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. American Homes 4 Rent’s payout ratio is currently 111.11%.

Analysts Set New Price Targets

A number of brokerages recently commented on AMH. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Mizuho reduced 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 report on Thursday, March 13th. 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 for the company. in a research note on Thursday, January 23rd. Finally, Barclays increased their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.23.

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.