Allspring Global Investments Holdings LLC Has $13.34 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Allspring Global Investments Holdings LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 9.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 362,878 shares of the real estate investment trust's stock after acquiring an additional 32,704 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of American Homes 4 Rent worth $13,336,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMH. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $25,000. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 790 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 275 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $53,000. Finally, UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 607 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley raised shares of 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 research report on Friday, January 24th. Barclays cut their price objective on shares of American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.67.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded down $0.60 during trading on Friday, hitting $35.11. 4,163,932 shares of the stock were exchanged, compared to its average volume of 2,264,954. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.57 and a beta of 0.78. The company has a fifty day moving average price of $35.73 and a 200-day moving average price of $37.37. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released 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 company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. As a group, equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is 108.33%.

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.