Avantax Advisory Services Inc. Increases Stake in American Homes 4 Rent (NYSE:AMH)

Avantax Advisory Services Inc. increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,604 shares of the real estate investment trust’s stock after purchasing an additional 1,691 shares during the period. Avantax Advisory Services Inc.’s holdings in American Homes 4 Rent were worth $1,295,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMH. EverSource Wealth Advisors LLC lifted its stake in American Homes 4 Rent by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after purchasing an additional 8,370 shares during the last quarter. TCW Group Inc. purchased a new position in American Homes 4 Rent during the 3rd quarter valued at $962,000. Charles Schwab Investment Management Inc. grew its position in American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after acquiring an additional 110,022 shares during the last quarter. Bank of New York Mellon Corp increased its stake in American Homes 4 Rent by 9.2% in the fourth 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 during the period. Finally, Swedbank AB lifted its position in shares of American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after purchasing an additional 100,000 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the topic of several recent analyst reports. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Mizuho dropped their price objective 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. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded 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 given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.33.

American Homes 4 Rent Price Performance

Shares of AMH opened at $36.17 on Wednesday. The company has a 50 day moving average of $35.40 and a two-hundred day moving average of $37.03. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41.

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 the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.32%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s payout ratio is presently 111.11%.

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.