Jupiter Asset Management Ltd. Invests $574,000 in American Homes 4 Rent (NYSE:AMH)

Key Points

• Jupiter Asset Management Ltd. acquired a new position in American Homes 4 Rent, purchasing 15,169 shares valued at approximately $574,000 in the first quarter.
• American Homes 4 Rent's stock price decreased by 0.6%, trading at $35.26, while institutional investors own 91.87% of the company's shares.
• The company recently announced a quarterly dividend of $0.30, resulting in an annualized dividend yield of 3.4%, although the dividend payout ratio exceeds 100% at 108.11%.

Jupiter Asset Management Ltd. acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,169 shares of the real estate investment trust's stock, valued at approximately $574,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC raised its position in shares of American Homes 4 Rent by 23.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,417 shares of the real estate investment trust's stock valued at $278,000 after buying an additional 1,385 shares during the last quarter. Alliancebernstein L.P. grew its stake in American Homes 4 Rent by 11.1% during the 4th quarter. Alliancebernstein L.P. now owns 561,638 shares of the real estate investment trust's stock valued at $21,016,000 after acquiring an additional 56,006 shares in the last quarter. National Bank of Canada FI raised its holdings in American Homes 4 Rent by 3,140.9% in the 4th quarter. National Bank of Canada FI now owns 44,076 shares of the real estate investment trust's stock valued at $1,649,000 after acquiring an additional 42,716 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at about $6,515,000. Finally, Quadrant Capital Group LLC lifted its stake in American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMH shares. Evercore ISI boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley boosted their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Raymond James Financial raised their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Keefe, Bruyette & Woods lifted their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Activity

In other news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.32% of the company's stock.

American Homes 4 Rent Trading Down 0.8%

Shares of American Homes 4 Rent stock traded down $0.27 on Friday, reaching $34.49. The company had a trading volume of 429,519 shares, compared to its average volume of 2,233,160. The firm's 50 day moving average price is $36.12 and its two-hundred day moving average price is $36.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 0.88. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The firm has a market cap of $12.76 billion, a PE ratio of 31.07, a PEG ratio of 3.62 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same quarter last year, the firm earned $0.45 EPS. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

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.