American Homes 4 Rent (NYSE:AMH) Shares Purchased by PGGM Investments

PGGM Investments raised its holdings in American Homes 4 Rent (NYSE:AMH) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,062,538 shares of the real estate investment trust’s stock after purchasing an additional 71,890 shares during the period. PGGM Investments’ holdings in American Homes 4 Rent were worth $39,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TCW Group Inc. bought a new stake in shares of American Homes 4 Rent in the third quarter worth $962,000. Charles Schwab Investment Management Inc. grew its holdings in American Homes 4 Rent by 2.6% during 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 acquiring an additional 110,022 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of American Homes 4 Rent by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after purchasing an additional 248,729 shares during the last quarter. Swedbank AB raised its stake in shares of American Homes 4 Rent by 25.0% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 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. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 1.6 %

American Homes 4 Rent stock opened at $35.02 on Thursday. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.56 and a beta of 0.77. The firm has a 50-day moving average price of $35.53 and a two-hundred day moving average price of $37.16.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.53.

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.