MetLife Investment Management LLC Acquires 15,924 Shares of American Homes 4 Rent (NYSE:AMH)

MetLife Investment Management LLC grew its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,498 shares of the real estate investment trust's stock after acquiring an additional 15,924 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of American Homes 4 Rent worth $7,054,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in American Homes 4 Rent in the fourth quarter worth about $822,019,000. Invesco Ltd. boosted its stake in shares of American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after acquiring an additional 4,094,177 shares during the last quarter. Wellington Management Group LLP grew its position in shares of American Homes 4 Rent by 96.2% during the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock valued at $119,411,000 after acquiring an additional 1,564,994 shares during the period. Principal Financial Group Inc. increased its stake in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after purchasing an additional 1,015,351 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in American Homes 4 Rent by 143.3% during the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust's stock valued at $54,138,000 after purchasing an additional 852,117 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of analyst reports. Mizuho lowered their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective on the stock. in a research report on Thursday, January 23rd. Royal Bank of Canada cut 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 note on Monday, February 24th. Raymond James dropped their price objective on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Barclays lifted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Hold" and a consensus price target of $40.14.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.14 on Friday, reaching $36.81. The company's stock had a trading volume of 1,561,700 shares, compared to its average volume of 2,175,906. The company has a 50-day simple moving average of $36.07 and a 200 day simple moving average of $36.45. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market cap of $13.62 billion, a P/E ratio of 34.08, a PEG ratio of 3.56 and a beta of 0.73. 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 released 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 return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. American Homes 4 Rent's payout ratio is 111.11%.

American Homes 4 Rent 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.