GC Wealth Management RIA LLC Grows Stake in American Homes 4 Rent (NYSE:AMH)

GC Wealth Management RIA LLC raised its stake in American Homes 4 Rent (NYSE:AMH) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,987 shares of the real estate investment trust’s stock after acquiring an additional 1,049 shares during the quarter. GC Wealth Management RIA LLC’s holdings in American Homes 4 Rent were worth $3,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TCW Group Inc. purchased a new position in American Homes 4 Rent in the third quarter valued at about $962,000. Bank of New York Mellon Corp raised its position in shares of 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 valued at $110,701,000 after purchasing an additional 248,729 shares during the period. Swedbank AB raised its position in shares of American Homes 4 Rent by 25.0% in the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after purchasing an additional 214,242 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of American Homes 4 Rent in the third quarter valued at approximately $1,456,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMH. Barclays lowered their price target on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank lowered 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 report on Thursday, January 23rd. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.99 on Tuesday. The company’s fifty day moving average price is $35.59 and its 200-day moving average price is $37.20. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, equities research analysts anticipate 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. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 3.33%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

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.