Avantax Advisory Services Inc. Purchases 1,691 Shares of American Homes 4 Rent (NYSE:AMH)

Avantax Advisory Services Inc. raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,604 shares of the real estate investment trust’s stock after purchasing an additional 1,691 shares during the quarter. Avantax Advisory Services Inc.’s holdings in American Homes 4 Rent were worth $1,295,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the last quarter. Natixis Advisors LLC raised its holdings in American Homes 4 Rent by 1.2% in the 3rd quarter. Natixis Advisors LLC now owns 88,650 shares of the real estate investment trust’s stock worth $3,403,000 after purchasing an additional 1,031 shares during the period. Thrivent Financial for Lutherans lifted its position in American Homes 4 Rent by 49.0% during the third quarter. Thrivent Financial for Lutherans now owns 132,098 shares of the real estate investment trust’s stock valued at $5,071,000 after purchasing an additional 43,417 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in American Homes 4 Rent during the third quarter valued at about $306,000. Finally, Advisors Asset Management Inc. increased its position in American Homes 4 Rent by 19.9% in the third quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 596 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMH shares. JMP Securities reaffirmed 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. 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. Royal Bank of Canada decreased their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.33.

American Homes 4 Rent Stock Up 0.5 %

Shares of AMH opened at $36.17 on Wednesday. The business’s 50 day simple moving average is $35.40 and its 200-day simple moving average is $37.03. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. 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 $13.39 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

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. 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 during the quarter, compared to analyst estimates of $442.02 million. 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 business also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s payout ratio is presently 111.11%.

American Homes 4 Rent Company 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.