Raymond James Financial Inc. Takes $6.82 Million Position in American Homes 4 Rent (NYSE:AMH)

Raymond James Financial Inc. purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 182,274 shares of the real estate investment trust’s stock, valued at approximately $6,821,000.

A number of other hedge funds have also recently made changes to their positions in AMH. Janus Henderson Group PLC boosted its stake in shares of American Homes 4 Rent by 2,150.3% during the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of American Homes 4 Rent by 6.8% during 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. FMR LLC raised its position in shares of 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 acquiring an additional 937,116 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of American Homes 4 Rent by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after acquiring an additional 248,729 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of American Homes 4 Rent by 112.3% during the third quarter. BNP Paribas Financial Markets now owns 457,513 shares of the real estate investment trust’s stock worth $17,564,000 after acquiring an additional 242,043 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMH. JMP Securities restated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank downgraded 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. Royal Bank of Canada lowered their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.29.

American Homes 4 Rent Trading Down 0.3 %

NYSE AMH opened at $36.38 on Monday. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The business has a 50 day moving average price of $35.44 and a 200-day moving average price of $36.96. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during 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 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 dividend of $0.30 per share. 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. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. American Homes 4 Rent’s payout ratio is currently 111.11%.

American Homes 4 Rent Profile

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.