Janus Henderson Group PLC Has $74.28 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Janus Henderson Group PLC increased its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 2,150.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,935,007 shares of the real estate investment trust's stock after purchasing an additional 1,849,020 shares during the period. Janus Henderson Group PLC owned approximately 0.52% of American Homes 4 Rent worth $74,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new stake in American Homes 4 Rent in the 3rd quarter worth about $25,000. UMB Bank n.a. raised its stake in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at approximately $32,000. Assetmark Inc. increased its position in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter valued at $44,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

NYSE AMH traded down $0.12 on Friday, reaching $37.26. The company's stock had a trading volume of 2,233,040 shares, compared to its average volume of 2,520,675. The business has a 50-day moving average price of $37.60 and a 200 day moving average price of $37.52. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The firm has a market cap of $13.77 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.30 and a beta of 0.78. 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 results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Sell-side analysts expect that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

Analysts Set New Price Targets

A number of brokerages have commented on AMH. Scotiabank reiterated an "outperform" rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a "buy" rating and a $48.00 target price for the company. Finally, StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.60.

American Homes 4 Rent Company Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.