GC Wealth Management RIA LLC Has $3.18 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

GC Wealth Management RIA LLC raised its stake in American Homes 4 Rent (NYSE:AMH) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,987 shares of the real estate investment trust’s stock after buying an additional 1,049 shares during the period. GC Wealth Management RIA LLC’s holdings in American Homes 4 Rent were worth $3,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 478 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 93.1% during the third quarter. Farther Finance Advisors LLC now owns 2,335 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 1,126 shares during the period. Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the period. Atria Investments Inc lifted its holdings in shares of American Homes 4 Rent by 16.6% during the third quarter. Atria Investments Inc now owns 84,527 shares of the real estate investment trust’s stock worth $3,245,000 after purchasing an additional 12,038 shares during the period. Finally, Catalytic Wealth RIA LLC lifted its holdings in shares of American Homes 4 Rent by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 83,938 shares of the real estate investment trust’s stock worth $3,222,000 after purchasing an additional 1,881 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

AMH has been the subject of a number of analyst reports. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Scotiabank downgraded 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 note on Thursday, January 23rd. Barclays lowered their target price on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. JMP Securities reissued a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Trading Down 0.7 %

NYSE:AMH opened at $35.99 on Tuesday. 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 firm has a 50-day moving average of $35.59 and a 200-day moving average of $37.20. The company has a market cap of $13.32 billion, a PE ratio of 33.32, a PEG 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 quarterly earnings results 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 business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 EPS 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 dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.33%. American Homes 4 Rent’s 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.