New Age Alpha Advisors LLC Takes $12.93 Million Position in American Homes 4 Rent (NYSE:AMH)

New Age Alpha Advisors LLC purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 345,425 shares of the real estate investment trust’s stock, valued at approximately $12,926,000. New Age Alpha Advisors LLC owned about 0.09% of American Homes 4 Rent as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AMH. EverSource Wealth Advisors LLC increased its position in shares of American Homes 4 Rent by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock valued at $7,337,000 after acquiring an additional 8,370 shares during the last quarter. TCW Group Inc. purchased a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $962,000. PGGM Investments raised its holdings in shares of American Homes 4 Rent by 7.3% in the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after purchasing an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in American Homes 4 Rent by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after purchasing an additional 110,022 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in 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 valued at $110,701,000 after purchasing an additional 248,729 shares during the period. 91.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMH has been the topic of a number of recent research reports. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Barclays lifted their price target 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. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Mizuho lowered their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. One investment 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.29.

American Homes 4 Rent Trading Up 0.7 %

NYSE AMH opened at $37.49 on Friday. The company has a market capitalization of $13.88 billion, a PE ratio of 34.71, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The company has a fifty day moving average of $35.61 and a 200 day moving average of $36.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

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 firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. Research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current 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 issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 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.