Resona Asset Management Co. Ltd. Takes $6.52 Million Position in American Homes 4 Rent (NYSE:AMH)

Resona Asset Management Co. Ltd. purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 175,191 shares of the real estate investment trust's stock, valued at approximately $6,515,000.

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

American Homes 4 Rent Stock Up 2.4 %

Shares of American Homes 4 Rent stock traded up $0.83 during trading on Friday, hitting $35.17. The company's stock had a trading volume of 1,894,947 shares, compared to its average volume of 2,203,678. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a market capitalization of $13.02 billion, a PE ratio of 32.57, a P/E/G ratio of 3.56 and a beta of 0.73. The company has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $36.52. 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 (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $442.02 million. Equities research 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Scotiabank cut shares of 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 report on Thursday, January 23rd. Raymond James lowered their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Friday. Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $39.00 to $40.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $40.14.

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.