Hsbc Holdings PLC Buys 159,371 Shares of American Homes 4 Rent (NYSE:AMH)

Hsbc Holdings PLC lifted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 521,293 shares of the real estate investment trust's stock after purchasing an additional 159,371 shares during the quarter. Hsbc Holdings PLC owned 0.14% of American Homes 4 Rent worth $19,461,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mountain Hill Investment Partners Corp. bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $26,000. National Pension Service acquired a new stake in American Homes 4 Rent in the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp boosted its stake in 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 purchasing an additional 392 shares in the last quarter. Assetmark Inc. increased its position in shares of American Homes 4 Rent by 37.1% during 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 period. Finally, UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 607 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 1.6 %

Shares of AMH stock traded down $0.59 during trading on Tuesday, hitting $36.63. 2,211,977 shares of the company were exchanged, compared to its average volume of 2,177,219. The business's 50-day simple moving average is $36.13 and its 200 day simple moving average is $36.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 3.56 and a beta of 0.73.

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 for the quarter, beating the consensus estimate of $0.15 by $0.30. The firm 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, analysts forecast that American Homes 4 Rent will post 1.85 EPS 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. The ex-dividend date was Friday, March 14th. This is a positive change 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 3.28%. American Homes 4 Rent's payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

AMH has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, February 24th. JMP Securities restated a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho dropped 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. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Barclays boosted their target price on 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $40.14.

American Homes 4 Rent Company 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.