California Public Employees Retirement System Has $54.14 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

California Public Employees Retirement System raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 143.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,446,754 shares of the real estate investment trust's stock after purchasing an additional 852,117 shares during the period. California Public Employees Retirement System owned 0.39% of American Homes 4 Rent worth $54,138,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atria Investments Inc raised its stake in American Homes 4 Rent by 0.4% during the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock valued at $3,175,000 after buying an additional 316 shares in the last quarter. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 375 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 valued at $41,000 after acquiring an additional 392 shares in the last quarter. State of Michigan Retirement System lifted its stake in American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after purchasing an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMH. Barclays raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. Mizuho cut 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 report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. JMP Securities reiterated a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Scotiabank downgraded 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of "Hold" and a consensus target price of $40.23.

American Homes 4 Rent Price Performance

Shares of AMH traded down $1.71 during midday trading 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 debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market capitalization of $13.13 billion, a P/E ratio of 32.84, a P/E/G ratio of 3.56 and a beta of 0.77. The firm's 50 day moving average price is $35.89 and its 200-day moving average price is $36.76. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS 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 firm had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. On average, analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. 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 presently 111.11%.

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.