Easterly Investment Partners LLC Increases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Easterly Investment Partners LLC grew its stake in American Homes 4 Rent (NYSE:AMH) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,889 shares of the real estate investment trust’s stock after purchasing an additional 17,675 shares during the period. American Homes 4 Rent comprises about 1.4% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 10th biggest position. Easterly Investment Partners LLC owned about 0.13% of American Homes 4 Rent worth $18,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent during the fourth quarter valued at about $26,000. National Pension Service acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at $30,000. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares in the last quarter. UMB Bank n.a. increased its holdings in American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 607 shares during the period. Finally, Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 375 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $37.23 on Thursday. 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 simple moving average of $35.56 and a 200 day simple moving average of $36.93. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The firm has a market cap of $13.78 billion, a P/E ratio of 34.47, a P/E/G ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates 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 fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $39.00 to $40.00 in a report on Friday, January 24th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.29.

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.