Panagora Asset Management Inc. Grows Holdings in American Homes 4 Rent (NYSE:AMH)

Panagora Asset Management Inc. boosted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 1,615.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,158 shares of the real estate investment trust's stock after acquiring an additional 224,278 shares during the quarter. Panagora Asset Management Inc. owned 0.07% of American Homes 4 Rent worth $8,564,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in American Homes 4 Rent by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust's stock worth $1,495,819,000 after buying an additional 1,011,707 shares in the last quarter. Principal Financial Group Inc. lifted its position in American Homes 4 Rent by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 17,007,767 shares of the real estate investment trust's stock worth $611,599,000 after buying an additional 73,599 shares in the last quarter. FMR LLC lifted its position in American Homes 4 Rent by 3.7% during the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust's stock worth $273,274,000 after buying an additional 287,245 shares in the last quarter. Deutsche Bank AG lifted its position in American Homes 4 Rent by 0.6% during the 3rd quarter. Deutsche Bank AG now owns 4,836,176 shares of the real estate investment trust's stock worth $162,931,000 after buying an additional 30,903 shares in the last quarter. Finally, Resolution Capital Ltd lifted its position in American Homes 4 Rent by 4.8% during the 3rd quarter. Resolution Capital Ltd now owns 4,616,552 shares of the real estate investment trust's stock worth $155,532,000 after buying an additional 212,758 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James boosted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods upped their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a "market perform" rating in a report on Monday, May 13th. BNP Paribas began coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They issued an "outperform" rating and a $42.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Finally, Mizuho upped their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.71.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded up $0.32 on Friday, reaching $36.77. 1,451,284 shares of the company's stock were exchanged, compared to its average volume of 2,128,505. The company has a fifty day moving average of $36.05 and a 200-day moving average of $35.73. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.79 and a beta of 0.70. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The business had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. During the same quarter in the previous year, the company earned $0.41 EPS. The business's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.83%. American Homes 4 Rent's payout ratio is presently 106.12%.

Insider Buying and Selling

In related news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian Reitz sold 3,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 14,476 shares of company stock worth $331,919 and have sold 60,263 shares worth $2,212,078. 6.32% of the stock is currently owned by company insiders.

About American Homes 4 Rent

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.