Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 51,471 Shares of American Homes 4 Rent (NYSE:AMH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 40.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,886 shares of the real estate investment trust’s stock after purchasing an additional 51,471 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Homes 4 Rent were worth $6,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service bought a new position in American Homes 4 Rent during the fourth quarter worth about $30,000. Jones Financial Companies Lllp boosted its position in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares during the period. UMB Bank n.a. boosted its position 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 purchasing an additional 607 shares during the period. Assetmark Inc. boosted 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 purchasing an additional 375 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in American Homes 4 Rent by 3,136.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,474 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMH shares. Scotiabank lowered shares of 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 report on Thursday, January 23rd. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Barclays raised their price objective 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. Finally, Mizuho cut their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.29.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $36.38 on Friday. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The business has a 50-day simple moving average of $35.44 and a two-hundred day simple moving average of $36.98. 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 firm has a market cap of $13.46 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last issued 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. On average, analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced 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 is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 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.