American Homes 4 Rent (NYSE:AMH) Shares Acquired by Masterton Capital Management LP

Masterton Capital Management LP grew its stake in shares of American Homes 4 Rent (NYSE:AMH) by 310.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 321,982 shares of the real estate investment trust’s stock after purchasing an additional 243,548 shares during the quarter. American Homes 4 Rent makes up about 6.8% of Masterton Capital Management LP’s holdings, making the stock its 5th largest position. Masterton Capital Management LP’s holdings in American Homes 4 Rent were worth $12,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC grew its stake in shares of American Homes 4 Rent by 39.4% in the 3rd quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock worth $632,000 after purchasing an additional 4,649 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of American Homes 4 Rent by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust’s stock worth $30,620,000 after acquiring an additional 15,931 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after purchasing an additional 214,242 shares during the period. GAMMA Investing LLC lifted its holdings in shares of American Homes 4 Rent by 14.0% during the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 503 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in American Homes 4 Rent during the 4th quarter worth about $323,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH stock opened at $37.27 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a fifty day moving average price of $36.11 and a 200-day moving average price of $36.43. The company has a market capitalization of $13.79 billion, a P/E ratio of 34.51, a PEG ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH) last issued 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 firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. As a group, equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMH shares. Mizuho cut their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Barclays increased their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Royal Bank of Canada dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. 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, Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.