Allstate Corp Invests $371,000 in American Homes 4 Rent (NYSE:AMH)

Allstate Corp purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,915 shares of the real estate investment trust's stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMH. Atria Investments Inc increased its stake in American Homes 4 Rent by 0.4% during the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock valued at $3,175,000 after buying an additional 316 shares during the period. Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 375 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 valued at $41,000 after acquiring an additional 392 shares during the period. State of Michigan Retirement System raised its holdings in American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after purchasing an additional 400 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 438 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut 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 research report on Tuesday, January 21st. Barclays lifted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Mizuho lowered their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, Scotiabank downgraded 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 report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven 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 target price of $40.23.

American Homes 4 Rent Trading Down 4.1 %

NYSE AMH traded down $1.46 on Monday, hitting $34.01. 2,979,394 shares of the stock were exchanged, compared to its average volume of 2,196,769. The company's 50-day moving average price is $35.87 and its two-hundred day moving average price is $36.72. 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 has a 52-week low of $33.79 and a 52-week high of $41.41. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly 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. The business 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%. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is 111.11%.

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.