KLP Kapitalforvaltning AS Purchases New Stake in American Homes 4 Rent (NYSE:AMH)

KLP Kapitalforvaltning AS acquired a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 116,100 shares of the real estate investment trust's stock, valued at approximately $4,344,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 392 shares during the period. UMB Bank n.a. grew its position in American Homes 4 Rent by 77.2% in the 4th 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. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 37.1% during 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 during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of American Homes 4 Rent by 3,136.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,474 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

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American Homes 4 Rent Price Performance

Shares of AMH traded up $0.10 on Friday, hitting $37.58. The company's stock had a trading volume of 1,286,714 shares, compared to its average volume of 2,175,464. The company has a 50 day moving average price of $35.66 and a 200 day moving average price of $36.90. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The company has a market capitalization of $13.91 billion, a PE ratio of 34.80, a PEG ratio of 3.56 and a beta of 0.77. 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 posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMH shares. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada decreased their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Barclays boosted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Mizuho dropped their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of "Hold" and an average target price of $40.23.

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.