Barclays PLC increased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 95.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 676,449 shares of the real estate investment trust's stock after purchasing an additional 329,648 shares during the quarter. Barclays PLC owned approximately 0.18% of American Homes 4 Rent worth $25,315,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in AMH. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth approximately $822,019,000. Invesco Ltd. increased its position in shares of American Homes 4 Rent by 186.2% during the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after purchasing an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP increased its position in shares of American Homes 4 Rent by 96.2% during the fourth quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock worth $119,411,000 after purchasing an additional 1,564,994 shares in the last quarter. Principal Financial Group Inc. grew its holdings in American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock valued at $598,232,000 after buying an additional 1,015,351 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of American Homes 4 Rent by 143.3% in the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust's stock valued at $54,138,000 after purchasing an additional 852,117 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.
American Homes 4 Rent Price Performance
Shares of AMH traded up $0.15 on Thursday, reaching $37.14. The stock had a trading volume of 274,237 shares, compared to its average volume of 2,176,456. The firm has a market capitalization of $13.75 billion, a PE ratio of 34.38, a PEG ratio of 3.56 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $36.01 and a 200 day moving average of $36.46. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share 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 analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.
American Homes 4 Rent Increases Dividend
The firm 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 represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's payout ratio is presently 111.11%.
Analyst Upgrades and Downgrades
AMH has been the topic of a number of analyst reports. Raymond James reduced their target price 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. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Monday, February 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 note on Tuesday, January 14th. Finally, Mizuho dropped 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Hold" and an average price target of $40.14.
View Our Latest Report on AMH
American Homes 4 Rent Profile
(
Free Report)
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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