Caisse DE Depot ET Placement DU Quebec Invests $4.04 Million in American Homes 4 Rent (NYSE:AMH)

Caisse DE Depot ET Placement DU Quebec acquired a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 107,900 shares of the real estate investment trust's stock, valued at approximately $4,038,000.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $822,019,000. Invesco Ltd. boosted its position in 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 valued at $235,476,000 after buying an additional 4,094,177 shares during the period. Wellington Management Group LLP increased its holdings in shares of American Homes 4 Rent by 96.2% in 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 buying an additional 1,564,994 shares during the period. Northern Trust Corp lifted its stake in shares of American Homes 4 Rent by 40.1% in the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after acquiring an additional 1,198,471 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday. StockNews.com upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday. JMP Securities restated a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Raymond James lifted their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Scotiabank cut 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 report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.64.

American Homes 4 Rent Stock Up 0.9 %

Shares of NYSE AMH traded up $0.34 during trading on Friday, reaching $38.70. The company had a trading volume of 1,184,252 shares, compared to its average volume of 2,169,787. The stock has a market cap of $14.32 billion, a PE ratio of 35.83, a P/E/G ratio of 3.56 and a beta of 0.78. The business's 50-day moving average is $36.50 and its 200 day moving average is $36.47. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. The trade was a 50.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.01% of the company's stock.

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.