Proficio Capital Partners LLC Purchases Shares of 20,702 American Homes 4 Rent (NYSE:AMH)

Proficio Capital Partners LLC bought a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,702 shares of the real estate investment trust's stock, valued at approximately $775,000.

Several other hedge funds also recently modified their holdings of AMH. US Bancorp DE boosted its holdings in American Homes 4 Rent by 3.3% in the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust's stock worth $572,000 after purchasing an additional 478 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of American Homes 4 Rent by 93.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,335 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 1,126 shares in the last quarter. Assetmark Inc. increased its holdings 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 valued at $39,000 after acquiring an additional 790 shares during the last quarter. Atria Investments Inc raised its stake in shares of American Homes 4 Rent by 16.6% in the 3rd quarter. Atria Investments Inc now owns 84,527 shares of the real estate investment trust's stock valued at $3,245,000 after acquiring an additional 12,038 shares in the last quarter. Finally, Catalytic Wealth RIA LLC raised its stake in shares of American Homes 4 Rent by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 83,938 shares of the real estate investment trust's stock valued at $3,222,000 after acquiring an additional 1,881 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Remove Ads

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded down $0.56 during trading on Wednesday, hitting $35.04. 1,042,720 shares of the stock were exchanged, compared to its average volume of 2,464,407. The company's fifty day simple moving average is $35.53 and its 200-day simple moving average is $37.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 32.44, a price-to-earnings-growth 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.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping 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 firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMH shares. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price on the stock. in a research note on Thursday, January 23rd. Barclays boosted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada decreased their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.53.

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.