KLP Kapitalforvaltning AS Acquires Shares of 116,100 American Homes 4 Rent (NYSE:AMH)

KLP Kapitalforvaltning AS bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the 4th quarter, Holdings Channel.com reports. The fund bought 116,100 shares of the real estate investment trust’s stock, valued at approximately $4,344,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in American Homes 4 Rent by 12.5% during the 4th quarter. American Century Companies Inc. now owns 879,193 shares of the real estate investment trust’s stock worth $32,899,000 after acquiring an additional 97,765 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in American Homes 4 Rent by 40.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,886 shares of the real estate investment trust’s stock valued at $6,731,000 after purchasing an additional 51,471 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in American Homes 4 Rent during the fourth quarter worth about $3,422,000. Brooklyn FI LLC acquired a new stake in American Homes 4 Rent during the fourth quarter worth about $311,000. Finally, Xponance Inc. increased its holdings in American Homes 4 Rent by 7.0% in the 4th quarter. Xponance Inc. now owns 55,213 shares of the real estate investment trust’s stock valued at $2,066,000 after buying an additional 3,596 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $36.92 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The firm has a market cap of $13.67 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The firm’s fifty day moving average is $35.51 and its 200-day moving average is $36.93.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million for 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%. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. 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. This represents a $1.20 annualized dividend and a yield of 3.25%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

AMH has been the topic of several analyst reports. Royal Bank of Canada reduced their price target 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. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Barclays lifted their target price on 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, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Hold” and an average price target of $40.29.

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.