American Homes 4 Rent (NYSE:AMH) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 561,638 shares of the real estate investment trust's stock after buying an additional 56,006 shares during the quarter. Alliancebernstein L.P. owned 0.15% of American Homes 4 Rent worth $21,016,000 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. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the fourth quarter valued at $822,019,000. Wellington Management Group LLP grew its holdings in American Homes 4 Rent by 96.2% during the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock valued at $119,411,000 after purchasing an additional 1,564,994 shares during the last quarter. Principal Financial Group Inc. raised its position in American Homes 4 Rent by 6.8% in 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 purchasing an additional 1,015,351 shares during the period. California Public Employees Retirement System lifted its stake in American Homes 4 Rent by 143.3% in the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust's stock worth $54,138,000 after purchasing an additional 852,117 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after buying an additional 689,741 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 2.4 %

Shares of NYSE AMH traded up $0.83 during mid-day trading on Friday, reaching $35.17. 1,894,947 shares of the company were exchanged, compared to its average volume of 2,200,827. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a 50-day moving average of $35.82 and a 200 day moving average of $36.54. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 3.56 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. On average, research 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, March 14th. 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 currently 111.11%.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of research analyst reports. JMP Securities reissued 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. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Scotiabank cut shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Mizuho dropped their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.14.

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.