Massachusetts Financial Services Co. MA Acquires 29,646 Shares of American Homes 4 Rent (NYSE:AMH)

Massachusetts Financial Services Co. MA grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,930,002 shares of the real estate investment trust’s stock after buying an additional 29,646 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.06% of American Homes 4 Rent worth $147,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMH. Atria Investments Inc lifted its stake in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after purchasing an additional 316 shares during the last quarter. Assetmark Inc. raised its holdings in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 375 shares during the period. Jones Financial Companies Lllp lifted its position in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares during the last quarter. State of Michigan Retirement System boosted its stake in American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after buying an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 438 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMH. Royal Bank of Canada cut their price target 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. JMP Securities restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Barclays increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $39.00 to $40.00 in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.23.

American Homes 4 Rent Trading Down 4.6 %

NYSE AMH opened at $35.47 on Friday. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The company’s 50-day simple moving average is $35.89 and its two-hundred day simple moving average is $36.81.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. 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 dividend yield of 3.38%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is 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.