Employees Retirement System of Texas Buys 54,704 Shares of American Homes 4 Rent (NYSE:AMH)

Employees Retirement System of Texas boosted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 24.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,565 shares of the real estate investment trust's stock after purchasing an additional 54,704 shares during the quarter. Employees Retirement System of Texas owned 0.07% of American Homes 4 Rent worth $10,312,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of 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 valued at $1,681,984,000 after buying an additional 240,583 shares in the last quarter. Norges Bank bought a new position in American Homes 4 Rent during the 4th quarter worth $822,019,000. Principal Financial Group Inc. increased its stake 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 period. JPMorgan Chase & Co. raised its holdings in American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after acquiring an additional 689,741 shares in the last quarter. Finally, FMR LLC lifted its position in shares of American Homes 4 Rent by 9.2% during the 4th 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 period. Institutional investors own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AMH shares. Royal Bank of Canada raised their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Mizuho reduced their price objective on shares of 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. Barclays raised their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Scotiabank upped their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Morgan Stanley lifted their price objective on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.89.

American Homes 4 Rent Trading Up 0.9%

Shares of American Homes 4 Rent stock traded up $0.34 during trading on Friday, hitting $37.84. The company's stock had a trading volume of 4,030,374 shares, compared to its average volume of 2,205,417. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The stock has a 50-day moving average price of $37.10 and a two-hundred day moving average price of $36.57. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same period last year, the company earned $0.43 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.17%. American Homes 4 Rent's payout ratio is 111.11%.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $281,040. This represents a 50.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is owned by company insiders.

American Homes 4 Rent Company 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.