Massachusetts Financial Services Co. MA Has $147.06 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Massachusetts Financial Services Co. MA boosted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,930,002 shares of the real estate investment trust's stock after purchasing an additional 29,646 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.06% of American Homes 4 Rent worth $147,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new stake in shares of American Homes 4 Rent in the third quarter worth $703,000. Public Sector Pension Investment Board raised its stake in shares of American Homes 4 Rent by 29.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 42,936 shares of the real estate investment trust's stock valued at $1,648,000 after purchasing an additional 9,838 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of American Homes 4 Rent by 26.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 22,456 shares of the real estate investment trust's stock valued at $862,000 after purchasing an additional 4,682 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of American Homes 4 Rent by 2,150.3% during the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust's stock worth $74,276,000 after purchasing an additional 1,849,020 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its holdings in American Homes 4 Rent by 49.4% in the third quarter. Investment Management Corp of Ontario now owns 10,894 shares of the real estate investment trust's stock valued at $418,000 after buying an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

Shares of AMH traded down $1.14 during midday trading on Thursday, reaching $33.96. The stock had a trading volume of 436,192 shares, compared to its average volume of 2,194,539. 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 has a market capitalization of $12.57 billion, a P/E ratio of 31.38, a P/E/G ratio of 3.56 and a beta of 0.73. The firm's 50 day moving average price is $35.81 and its 200-day moving average price is $36.60. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $442.02 million. On average, analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's payout ratio is presently 111.11%.

Analyst Ratings Changes

AMH has been the subject of a number of research analyst reports. Barclays boosted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. JMP Securities reissued 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. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. Mizuho cut their target price on shares of 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, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Hold" and an average price target of $40.23.

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.