Walleye Capital LLC Acquires Shares of 6,154 American Homes 4 Rent (NYSE:AMH)

Walleye Capital LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, Holdings Channel.com reports. The firm bought 6,154 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Several other hedge funds have also modified their holdings of AMH. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent in the 4th quarter valued at $26,000. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at $30,000. Jones Financial Companies Lllp boosted its holdings 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 valued at $41,000 after acquiring an additional 392 shares during the last quarter. UMB Bank n.a. increased its position in American Homes 4 Rent by 77.2% in the fourth 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 period. Finally, Assetmark Inc. lifted its position in 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 period. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Down 0.4 %

Shares of American Homes 4 Rent stock opened at $36.81 on Friday. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The business’s 50 day simple moving average is $36.07 and its 200 day simple moving average is $36.45. The firm has a market cap of $13.62 billion, a PE ratio of 34.08, a P/E/G ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH) last posted 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. 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 the consensus estimate of $442.02 million. On average, 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 was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Raymond James lowered their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Mizuho dropped their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, Barclays increased their price target on shares of 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. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.