American Homes 4 Rent (NYSE:AMH) Position Increased by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 42.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,448 shares of the real estate investment trust's stock after buying an additional 22,270 shares during the quarter. Pinebridge Investments L.P.'s holdings in American Homes 4 Rent were worth $2,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMH. EverSource Wealth Advisors LLC grew its holdings in American Homes 4 Rent by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after purchasing an additional 8,370 shares during the period. Clearbridge Investments LLC grew its stake in shares of American Homes 4 Rent by 26.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after buying an additional 588,302 shares during the period. PGGM Investments increased its holdings in shares of American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock worth $39,760,000 after buying an additional 71,890 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock worth $162,180,000 after buying an additional 110,022 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in American Homes 4 Rent by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust's stock valued at $18,861,000 after acquiring an additional 22,310 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 1.9 %

American Homes 4 Rent stock traded up $0.71 during midday trading on Wednesday, hitting $37.36. The stock had a trading volume of 2,724,712 shares, compared to its average volume of 2,179,400. The business has a fifty day moving average price of $36.13 and a 200 day moving average price of $36.43. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The stock has a market cap of $13.83 billion, a P/E ratio of 34.59, a P/E/G ratio of 3.56 and a beta of 0.73. 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 (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date 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 dividend yield of 3.21%. American Homes 4 Rent's payout ratio is 111.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on AMH shares. JMP Securities restated a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Raymond James cut their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Mizuho decreased their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.14.

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.