Vanguard Group Inc. Purchases 240,583 Shares of American Homes 4 Rent (NYSE:AMH)

Vanguard Group Inc. lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,948,804 shares of the real estate investment trust’s stock after buying an additional 240,583 shares during the period. Vanguard Group Inc. owned about 12.16% of American Homes 4 Rent worth $1,681,984,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position 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 last quarter. JPMorgan Chase & Co. boosted its holdings in American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after purchasing an additional 214,242 shares during the last quarter. FMR LLC grew its position in American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after purchasing an additional 937,116 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $162,180,000 after buying an additional 110,022 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in American Homes 4 Rent by 5.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock worth $136,373,000 after buying an additional 199,234 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $39.00 to $40.00 in a report on Friday, January 24th. Royal Bank of Canada lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and an average target price of $40.29.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $37.23 on Thursday. The firm has a market cap of $13.78 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The business’s 50 day moving average is $35.56 and its 200-day moving average is $36.93. 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 $34.01 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is currently 111.11%.

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.