Invesco Ltd. Boosts Holdings in American Homes 4 Rent (NYSE:AMH)

Invesco Ltd. raised its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 186.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,292,773 shares of the real estate investment trust's stock after purchasing an additional 4,094,177 shares during the quarter. Invesco Ltd. owned 1.70% of American Homes 4 Rent worth $235,476,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new position in American Homes 4 Rent in the fourth quarter valued at approximately $26,000. National Pension Service purchased a new stake in American Homes 4 Rent during the fourth quarter worth $30,000. Jones Financial Companies Lllp grew its position in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares during the period. UMB Bank n.a. raised its position 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 worth $52,000 after acquiring an additional 607 shares during the period. Finally, Assetmark Inc. grew 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 acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMH shares. Barclays increased 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 report on Wednesday, March 12th. JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Royal Bank of Canada dropped their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Raymond James reduced their target price on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Hold" and an average target price of $40.14.

American Homes 4 Rent Stock Up 2.3 %

Shares of American Homes 4 Rent stock traded up $0.84 during trading hours on Thursday, hitting $37.19. The company had a trading volume of 605,899 shares, compared to its average volume of 2,194,973. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a market cap of $13.77 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. 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's 50-day moving average is $35.86 and its two-hundred day moving average is $36.50.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Analysts anticipate 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. Shareholders 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 yield of 3.23%. American Homes 4 Rent's payout ratio is currently 111.11%.

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.