National Bank of Canada FI Grows Stake in American Homes 4 Rent (NYSE:AMH)

National Bank of Canada FI lifted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 3,140.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,076 shares of the real estate investment trust's stock after buying an additional 42,716 shares during the period. National Bank of Canada FI's holdings in American Homes 4 Rent were worth $1,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent during the fourth quarter valued at about $26,000. National Pension Service bought a new stake in American Homes 4 Rent during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its position in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 607 shares in the last quarter. Finally, Assetmark Inc. grew 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 valued at $52,000 after purchasing an additional 375 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

NYSE AMH traded up $0.27 on Monday, reaching $35.42. The company had a trading volume of 82,346 shares, compared to its average volume of 2,195,644. The stock has a market capitalization of $13.11 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The firm's 50 day moving average price is $35.82 and its 200 day moving average price is $36.52. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced 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 net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.39%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Analysts Set New Price Targets

AMH has been the subject of several recent analyst reports. Royal Bank of Canada lowered their price objective 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. Raymond James decreased their price objective on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Friday. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a research note on Thursday, January 23rd. JMP Securities reissued 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. Finally, Deutsche Bank Aktiengesellschaft lowered shares of 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 report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.14.

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.