Mitsubishi UFJ Asset Management Co. Ltd. Has $17 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,696 shares of the real estate investment trust's stock after purchasing an additional 35,726 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.12% of American Homes 4 Rent worth $17,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC bought a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $703,000. The Manufacturers Life Insurance Company boosted its stake in American Homes 4 Rent by 10.6% during the third quarter. The Manufacturers Life Insurance Company now owns 280,032 shares of the real estate investment trust's stock worth $10,750,000 after buying an additional 26,934 shares in the last quarter. FMR LLC increased its holdings in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock valued at $315,780,000 after buying an additional 937,116 shares during the period. D.A. Davidson & CO. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $224,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of American Homes 4 Rent by 112.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 457,513 shares of the real estate investment trust's stock worth $17,564,000 after acquiring an additional 242,043 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $1.71 during trading on Friday, reaching $35.47. 3,075,638 shares of the company traded hands, compared to its average volume of 2,189,153. 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 has a 52 week low of $34.01 and a 52 week high of $41.41. The firm has a market capitalization of $13.13 billion, a PE ratio of 32.84, a PEG ratio of 3.56 and a beta of 0.77. The company's 50 day moving average is $35.89 and its two-hundred day moving average is $36.81.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted 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. 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 analysts' expectations of $442.02 million. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. JMP Securities reissued a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Scotiabank lowered 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 research note on Thursday, January 23rd. Royal Bank of Canada lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Mizuho cut their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.23.

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.