Morey & Quinn Wealth Partners LLC Buys Shares of 5,770 American Homes 4 Rent (NYSE:AMH)

Morey & Quinn Wealth Partners LLC purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,770 shares of the real estate investment trust’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mountain Hill Investment Partners Corp. acquired a new stake in American Homes 4 Rent during the 4th quarter valued at $26,000. National Pension Service acquired a new position in American Homes 4 Rent during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its stake in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares during the period. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 607 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 37.1% in the 4th 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 period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $36.92 on Wednesday. The business has a 50 day simple moving average of $35.51 and a 200-day simple moving average of $36.93. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. 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 issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping 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 analysts’ expectations of $442.02 million. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.30 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analysts Set New Price Targets

AMH has been the topic of several research reports. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. 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 report on Wednesday, March 12th. Royal Bank of Canada lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, 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 report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent currently 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.