Adage Capital Partners GP L.L.C. Takes $3.59 Million Position in American Homes 4 Rent (NYSE:AMH)

Adage Capital Partners GP L.L.C. bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 95,928 shares of the real estate investment trust’s stock, valued at approximately $3,590,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMH. Tidal Investments LLC increased its holdings in shares of American Homes 4 Rent by 39.4% in the third 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 period. Retirement Systems of Alabama increased its stake in 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 holdings in shares of American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after acquiring an additional 214,242 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of American Homes 4 Rent by 14.0% during the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 503 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of American Homes 4 Rent during the fourth quarter worth about $323,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 1.6 %

NYSE:AMH opened at $36.63 on Wednesday. The firm has a market capitalization of $13.56 billion, a P/E ratio of 33.92, a P/E/G ratio of 3.56 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average of $36.13 and a 200 day moving average of $36.43. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released 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 for 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, research 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.28%. 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 111.11%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMH. Barclays raised their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho reduced their target price 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 dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.14.

About American Homes 4 Rent

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.