Fmr LLC Increases Holdings in American Homes 4 Rent (NYSE:AMH)

FMR LLC grew its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,225,592 shares of the real estate investment trust's stock after acquiring an additional 937,116 shares during the period. FMR LLC owned about 2.23% of American Homes 4 Rent worth $315,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in AMH. Swedbank AB raised its stake in American Homes 4 Rent by 14.3% during the 2nd quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust's stock valued at $14,864,000 after purchasing an additional 50,000 shares during the period. OFI Invest Asset Management purchased a new position in shares of American Homes 4 Rent in the second quarter worth $632,000. Marshall Wace LLP purchased a new position in shares of American Homes 4 Rent in the second quarter worth $17,367,000. Catalyst Capital Advisors LLC bought a new position in shares of American Homes 4 Rent during the third quarter worth $53,000. Finally, Easterly Investment Partners LLC grew its stake in American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust's stock valued at $9,227,000 after acquiring an additional 122,048 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 0.9 %

NYSE:AMH traded down $0.33 during mid-day trading on Friday, hitting $38.29. 1,368,812 shares of the stock traded hands, compared to its average volume of 2,091,457. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 3.38 and a beta of 0.77. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The firm's 50 day moving average is $37.74 and its two-hundred day moving average is $37.50.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the prior year, the company posted $0.41 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.72%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

Wall Street Analyst Weigh In

Several brokerages have commented on AMH. Keefe, Bruyette & Woods decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and raised their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. UBS Group upped their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Finally, StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.60.

American Homes 4 Rent Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.