Kayne Anderson Rudnick Investment Management LLC Buys 7,533 Shares of American Homes 4 Rent (NYSE:AMH)

Kayne Anderson Rudnick Investment Management LLC increased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,204 shares of the real estate investment trust's stock after purchasing an additional 7,533 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in American Homes 4 Rent were worth $1,579,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMH. Atria Investments Inc grew its holdings in 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 purchasing an additional 316 shares during the period. Assetmark Inc. lifted its holdings 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 worth $52,000 after purchasing an additional 375 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 376 shares during the period. Jones Financial Companies Lllp grew its holdings in American Homes 4 Rent by 56.6% during 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 buying an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in shares of 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 valued at $2,810,000 after buying an additional 400 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 2.3 %

Shares of NYSE AMH opened at $37.27 on Wednesday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a 50-day simple moving average of $35.98 and a two-hundred day simple moving average of $36.45. The company has a market cap of $13.80 billion, a P/E ratio of 34.51, a PEG ratio of 3.56 and a beta of 0.73. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analyst estimates 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 anticipate 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMH shares. Royal Bank of Canada cut their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Raymond James dropped their price target on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.

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