American Homes 4 Rent (NYSE:AMH) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 143.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,446,754 shares of the real estate investment trust's stock after acquiring 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Atria Investments Inc grew its position in shares of 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 purchasing an additional 316 shares in the last quarter. Assetmark Inc. lifted its stake 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 purchasing an additional 375 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 392 shares during the period. State of Michigan Retirement System increased its position in shares of American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after purchasing an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in American Homes 4 Rent by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 438 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

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American Homes 4 Rent Stock Down 1.8 %

NYSE AMH traded down $0.70 during trading on Thursday, reaching $37.15. 1,802,187 shares of the company's stock traded hands, compared to its average volume of 2,183,284. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. 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 firm has a market cap of $13.75 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The company's 50 day simple moving average is $35.87 and its two-hundred day simple moving average is $36.84.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is 111.11%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMH shares. Royal Bank of Canada cut their price objective on shares of 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. Scotiabank downgraded shares of 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. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Mizuho cut their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, Barclays raised their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $40.23.

About American Homes 4 Rent

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.