Clearbridge Investments LLC Has $105.60 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Clearbridge Investments LLC grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,821,944 shares of the real estate investment trust's stock after purchasing an additional 588,302 shares during the period. Clearbridge Investments LLC owned approximately 0.76% of American Homes 4 Rent worth $105,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AMH. Mountain Hill Investment Partners Corp. bought a new stake in American Homes 4 Rent during the fourth quarter worth approximately $26,000. National Pension Service bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth $30,000. Jones Financial Companies Lllp boosted its stake in shares of American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares in the last quarter. 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 worth $52,000 after acquiring an additional 607 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Down 4.6 %

NYSE AMH traded down $1.71 on Friday, reaching $35.47. The stock had a trading volume of 3,075,638 shares, compared to its average volume of 2,193,638. 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. The business has a 50 day moving average price of $35.89 and a 200 day moving average price of $36.78. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million during 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%. On average, 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of recent analyst reports. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Barclays upped their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. JMP Securities reiterated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of "Hold" and an average target price of $40.23.

American Homes 4 Rent 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.