M&T Bank Corp Trims Position in American Homes 4 Rent (NYSE:AMH)

M&T Bank Corp decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,251 shares of the real estate investment trust’s stock after selling 394 shares during the quarter. M&T Bank Corp’s holdings in American Homes 4 Rent were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Atria Investments Inc boosted its holdings in American Homes 4 Rent by 0.4% in the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after purchasing an additional 316 shares during the last quarter. Assetmark Inc. raised its position in shares of American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 375 shares during the period. Jones Financial Companies Lllp raised its position in shares of American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 392 shares during the period. State of Michigan Retirement System grew its position in American Homes 4 Rent by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after acquiring an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in American Homes 4 Rent by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 0.4 %

AMH opened at $36.22 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 3.56 and a beta of 0.77. The business has a fifty day moving average price of $35.59 and a 200 day moving average price of $37.20. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Barclays decreased their price objective on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Scotiabank cut 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 report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.47.

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.