Proficio Capital Partners LLC Invests $775,000 in American Homes 4 Rent (NYSE:AMH)

Proficio Capital Partners LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,702 shares of the real estate investment trust's stock, valued at approximately $775,000.

Several other hedge funds have also recently modified their holdings of AMH. National Pension Service acquired a new position in American Homes 4 Rent in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its position in shares of 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 during the period. Assetmark Inc. lifted its holdings in American Homes 4 Rent by 37.1% in the fourth 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 last quarter. UMB Bank n.a. increased its stake in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 607 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in American Homes 4 Rent by 3,136.2% in 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 purchasing an additional 1,474 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 1.0 %

AMH stock traded up $0.36 during midday trading on Wednesday, hitting $37.23. The stock had a trading volume of 1,428,469 shares, compared to its average volume of 2,094,952. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average price of $35.51 and a two-hundred day moving average price of $36.93. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The firm has a market cap of $13.78 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

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American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analysts' expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's payout ratio is presently 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMH shares. Royal Bank of Canada decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. JMP Securities restated a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $40.29.

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.