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

Jupiter Asset Management Ltd. acquired a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the 1st quarter, according to its most recent Form 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 hedge funds have also recently made changes to their positions in the business. GF Fund Management CO. LTD. raised its position in shares of American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock worth $238,000 after acquiring an additional 304 shares in the last quarter. Arizona State Retirement System raised its position in shares of American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock worth $3,630,000 after acquiring an additional 366 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of 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 acquiring an additional 376 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of American Homes 4 Rent by 1.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock worth $1,323,000 after acquiring an additional 391 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of American Homes 4 Rent by 14.5% in the 4th quarter. Bessemer Group Inc. now owns 3,599 shares of the real estate investment trust's stock worth $135,000 after acquiring an additional 456 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research analyst reports. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Evercore ISI boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Royal Bank Of Canada boosted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Raymond James Financial boosted their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Morgan Stanley boosted their target price on American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.49 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 0.88. The stock has a 50 day moving average price of $36.27 and a two-hundred day moving average price of $36.29. The firm has a market capitalization of $13.14 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.66 and a beta of 0.72. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. American Homes 4 Rent's dividend payout ratio is currently 108.11%.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, June 12th. The stock was bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.01% of the stock is currently owned by corporate insiders.

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.

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