Vestcor Inc Has $6.39 Million Stake in American Homes 4 Rent (NYSE:AMH)

Vestcor Inc boosted its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 170,723 shares of the real estate investment trust's stock after purchasing an additional 52,095 shares during the quarter. Vestcor Inc's holdings in American Homes 4 Rent were worth $6,388,000 at the end of the most recent quarter.

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

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American Homes 4 Rent Stock Down 1.1 %

Shares of AMH traded down $0.39 during trading hours on Thursday, hitting $34.60. 2,247,899 shares of the company were exchanged, compared to its average volume of 2,473,383. 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 cap of $12.81 billion, a PE ratio of 32.04, a PEG ratio of 3.56 and a beta of 0.77. The firm's 50 day moving average is $35.48 and its 200-day moving average is $37.15. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its 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 firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. On average, equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date 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 3.47%. American Homes 4 Rent's dividend payout ratio is 111.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMH. JMP Securities restated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. 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. 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 cut their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $39.00 to $40.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $40.33.

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.