MetLife Investment Management LLC Has $7.05 Million Stake in American Homes 4 Rent (NYSE:AMH)

MetLife Investment Management LLC lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 9.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $26,000. National Pension Service bought a new stake in American Homes 4 Rent in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares during the period. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares in the last quarter. Finally, Assetmark Inc. grew its stake in American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 375 shares during the period. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $37.27 on Wednesday. The business’s fifty day simple moving average is $35.98 and its 200 day simple moving average is $36.45. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The firm has a market capitalization of $13.80 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH) last released its 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 company had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. As a group, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMH shares. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Barclays raised their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. Mizuho reduced their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada cut their price target on 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. 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.14.

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.