MetLife Investment Management LLC Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

MetLife Investment Management LLC boosted its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 188,498 shares of the real estate investment trust's stock after acquiring an additional 15,924 shares during the period. MetLife Investment Management LLC owned 0.05% of American Homes 4 Rent worth $7,054,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth approximately $26,000. National Pension Service purchased a new stake in American Homes 4 Rent during the fourth quarter worth about $30,000. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 392 shares during the last quarter. UMB Bank n.a. grew its position in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 607 shares during the period. Finally, Assetmark Inc. increased its stake in shares of American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

AMH traded up $0.20 during midday trading on Monday, hitting $37.03. The stock had a trading volume of 222,226 shares, compared to its average volume of 2,170,805. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The business has a fifty day moving average of $36.07 and a 200 day moving average of $36.43. The company has a market cap of $13.71 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $442.02 million. As a group, equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.24%. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. Barclays increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their price objective for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their target price on shares of 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, Raymond James dropped their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.14.

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.