CANADA LIFE ASSURANCE Co Grows Position in American Homes 4 Rent (NYSE:AMH)

CANADA LIFE ASSURANCE Co increased its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 645,010 shares of the real estate investment trust's stock after buying an additional 21,085 shares during the period. CANADA LIFE ASSURANCE Co owned 0.17% of American Homes 4 Rent worth $24,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Atria Investments Inc lifted its stake in shares of American Homes 4 Rent by 0.4% in the 4th 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 during the period. Assetmark Inc. lifted its position in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 375 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of American Homes 4 Rent by 11.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after buying an additional 376 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 buying an additional 392 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after acquiring an additional 400 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMH has been the topic of several analyst reports. Raymond James dropped their target price on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. JMP Securities restated a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Mizuho lowered their price target on 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. Finally, Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $40.14.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded down $0.04 during trading hours on Thursday, reaching $36.95. 1,142,957 shares of the company traded hands, compared to its average volume of 2,179,700. The firm has a 50-day moving average price of $36.01 and a 200 day moving average price of $36.46. The company has a market cap of $13.68 billion, a P/E ratio of 34.21, a P/E/G ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 12-month low of $31.68 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.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 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 fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. American Homes 4 Rent's dividend payout ratio is 111.11%.

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.