Proficio Capital Partners LLC Purchases Shares of 20,702 American Homes 4 Rent (NYSE:AMH)

Proficio Capital Partners LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 20,702 shares of the real estate investment trust’s stock, valued at approximately $775,000.

Several other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after buying an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after acquiring an additional 1,015,351 shares during the period. FMR LLC grew its holdings in shares of American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of American Homes 4 Rent by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after purchasing an additional 248,729 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of American Homes 4 Rent by 112.3% in the third quarter. BNP Paribas Financial Markets now owns 457,513 shares of the real estate investment trust’s stock worth $17,564,000 after purchasing an additional 242,043 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Down 0.3 %

Shares of NYSE:AMH opened at $36.38 on Friday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The company has a market cap of $13.46 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The stock has a 50 day moving average of $35.44 and a 200 day moving average of $36.98. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last posted 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 return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.30 dividend. 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 dividend yield of 3.30%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho decreased their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada lowered their target price on 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. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Barclays upped their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Finally, StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Hold” and an average 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.