American Homes 4 Rent (NYSE:AMH) Shares Purchased by PGGM Investments

PGGM Investments boosted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,062,538 shares of the real estate investment trust's stock after buying an additional 71,890 shares during the quarter. PGGM Investments owned approximately 0.29% of American Homes 4 Rent worth $39,760,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock valued at $598,232,000 after acquiring an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. raised its stake in American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock valued at $503,503,000 after purchasing an additional 214,242 shares during the last quarter. FMR LLC lifted 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 purchasing an additional 937,116 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock worth $162,180,000 after purchasing an additional 110,022 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of American Homes 4 Rent by 5.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust's stock worth $136,373,000 after buying an additional 199,234 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $35.02 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.56 and a beta of 0.77. The business has a 50-day moving average of $35.53 and a 200-day moving average of $37.16.

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American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million during the quarter, compared to analysts' expectations of $442.02 million. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

A number of 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 decreased their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank cut American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. Barclays increased their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $39.00 to $40.00 in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. One equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.53.

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.

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