Hsbc Holdings PLC Purchases 159,371 Shares of American Homes 4 Rent (NYSE:AMH)

Hsbc Holdings PLC lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 44.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,293 shares of the real estate investment trust's stock after buying an additional 159,371 shares during the quarter. Hsbc Holdings PLC owned about 0.14% of American Homes 4 Rent worth $19,461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMH. Tidal Investments LLC lifted its holdings in shares of American Homes 4 Rent by 39.4% in the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust's stock worth $632,000 after buying an additional 4,649 shares in the last quarter. Retirement Systems of Alabama lifted its stake in American Homes 4 Rent by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust's stock worth $30,620,000 after purchasing an additional 15,931 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock valued at $503,503,000 after purchasing an additional 214,242 shares during the period. GAMMA Investing LLC boosted its holdings in American Homes 4 Rent by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust's stock valued at $153,000 after purchasing an additional 503 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of American Homes 4 Rent in the fourth quarter worth $323,000. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded up $1.17 during mid-day trading on Friday, reaching $39.06. 1,483,263 shares of the stock traded hands, compared to its average volume of 2,176,598. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The business's 50-day moving average is $36.24 and its 200-day moving average is $36.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $14.46 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly 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 firm had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.30 dividend. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMH. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a research report on Thursday, January 23rd. 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. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Raymond James dropped their price objective on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Barclays increased their target price on 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. One research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.07.

American Homes 4 Rent 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.