Dimensional Fund Advisors LP Raises Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Dimensional Fund Advisors LP lifted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,935,152 shares of the real estate investment trust's stock after buying an additional 28,381 shares during the period. Dimensional Fund Advisors LP owned approximately 1.34% of American Homes 4 Rent worth $184,670,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock worth $1,681,984,000 after purchasing an additional 240,583 shares during the last quarter. Norges Bank bought a new position in American Homes 4 Rent during the fourth quarter valued at about $822,019,000. Principal Financial Group Inc. increased its holdings in American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after buying an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. raised its position in American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock worth $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, FMR LLC boosted its stake in American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after acquiring an additional 757,772 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.32 during mid-day trading on Tuesday, reaching $36.91. 305,511 shares of the stock traded hands, compared to its average volume of 2,168,807. 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 1 year low of $31.68 and a 1 year high of $41.41. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The firm has a fifty day moving average price of $36.11 and a 200 day moving average price of $36.43.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its 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 business 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%. As a group, equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share 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. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.25%. American Homes 4 Rent's payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

AMH has been the topic of a number of research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho lowered their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Raymond James lowered their price objective on 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. Finally, Barclays increased their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. One 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, American Homes 4 Rent presently has a consensus rating of "Hold" and an average target price 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.