ExodusPoint Capital Management LP Raises Stock Position in American Homes 4 Rent (NYSE:AMH)

ExodusPoint Capital Management LP raised its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 53.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,288,915 shares of the real estate investment trust's stock after purchasing an additional 448,124 shares during the quarter. ExodusPoint Capital Management LP owned 0.35% of American Homes 4 Rent worth $48,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMH. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth approximately $26,000. National Pension Service bought a new stake in shares of American Homes 4 Rent during the fourth quarter worth $30,000. Jones Financial Companies Lllp boosted 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 purchasing an additional 392 shares during the period. UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 375 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Up 0.5 %

NYSE:AMH traded up $0.18 during midday trading on Tuesday, reaching $34.14. 514,084 shares of the stock traded hands, compared to its average volume of 2,190,200. The stock has a market capitalization of $12.64 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 12-month low of $33.79 and a 12-month high of $41.41. 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 business has a 50-day moving average of $35.87 and a two-hundred day moving average of $36.72.

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, topping the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. 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 currently 111.11%.

Analyst Upgrades and Downgrades

AMH has been the topic of several research reports. JMP Securities restated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Barclays boosted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Finally, Mizuho lowered their price target on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Hold" and a consensus price target of $40.23.

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.