Massachusetts Financial Services Co. MA Has $149.74 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Massachusetts Financial Services Co. MA trimmed its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,900,356 shares of the real estate investment trust's stock after selling 51,484 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.06% of American Homes 4 Rent worth $149,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in American Homes 4 Rent by 783.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust's stock worth $42,507,000 after acquiring an additional 981,872 shares in the last quarter. PGGM Investments bought a new stake in shares of American Homes 4 Rent in the first quarter worth $32,199,000. Price T Rowe Associates Inc. MD boosted its holdings in American Homes 4 Rent by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust's stock worth $324,798,000 after purchasing an additional 507,307 shares during the last quarter. Marshall Wace LLP acquired a new position in American Homes 4 Rent during the second quarter worth $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in American Homes 4 Rent by 39.3% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust's stock valued at $53,420,000 after purchasing an additional 405,468 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

AMH traded up $0.03 during trading on Friday, hitting $37.66. The stock had a trading volume of 1,214,598 shares, compared to its average volume of 2,416,034. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day moving average price of $37.91 and a 200-day moving average price of $37.43. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 3.25 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (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 during the quarter, compared to the consensus estimate of $443.81 million. During the same period in the previous year, the firm posted $0.41 EPS. The company's revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

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 issued 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 2.76%. American Homes 4 Rent's dividend payout ratio is presently 108.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMH. Scotiabank restated an "outperform" rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Royal Bank of Canada boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Mizuho increased their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a "buy" rating and a $48.00 price objective on the stock. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.60.

American Homes 4 Rent Company 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.