Norges Bank Buys Shares of 21,967,376 American Homes 4 Rent (NYSE:AMH)

Norges Bank acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,967,376 shares of the real estate investment trust's stock, valued at approximately $822,019,000. Norges Bank owned 5.95% of American Homes 4 Rent as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in American Homes 4 Rent by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust's stock valued at $138,000 after purchasing an additional 596 shares during the last quarter. Cerity Partners LLC bought a new position in shares of American Homes 4 Rent in the third quarter valued at about $703,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $630,000. Loomis Sayles & Co. L P boosted its holdings in shares of American Homes 4 Rent by 3,136.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust's stock worth $58,000 after buying an additional 1,474 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in American Homes 4 Rent by 136.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,900 shares of the real estate investment trust's stock valued at $227,000 after buying an additional 3,400 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH stock traded up $0.05 during mid-day trading on Tuesday, hitting $37.86. The stock had a trading volume of 851,059 shares, compared to its average volume of 2,429,852. The firm has a fifty day simple moving average of $35.71 and a 200 day simple moving average of $36.86. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $14.01 billion, a P/E ratio of 35.05, a P/E/G ratio of 3.56 and a beta of 0.77.

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American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 3.17%. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMH. Scotiabank cut American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Mizuho reduced their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada lowered their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. 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. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of "Hold" and an average price target of $40.23.

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.