American Homes 4 Rent (NYSE:AMH) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 48.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,492 shares of the real estate investment trust's stock after purchasing an additional 32,400 shares during the period. Handelsbanken Fonder AB's holdings in American Homes 4 Rent were worth $3,819,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMH. Vanguard Group Inc. boosted its stake in American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock valued at $1,679,868,000 after acquiring an additional 1,094,714 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust's stock valued at $318,755,000 after buying an additional 2,575,854 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust's stock valued at $324,798,000 after buying an additional 507,307 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust's stock valued at $183,403,000 after buying an additional 334,358 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in American Homes 4 Rent by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock worth $146,850,000 after purchasing an additional 37,757 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Scotiabank reaffirmed an "outperform" rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, August 16th. Finally, Evercore ISI upped their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.60.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock remained flat at $37.33 on Wednesday. 1,241,234 shares of the company traded hands, compared to its average volume of 2,597,964. The stock has a market cap of $13.67 billion, a P/E ratio of 38.07, a P/E/G ratio of 3.32 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $38.84 and a two-hundred day moving average of $37.09. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts' expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. American Homes 4 Rent's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. As a group, analysts expect that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.79%. American Homes 4 Rent's dividend payout ratio (DPR) is 106.12%.

About American Homes 4 Rent

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.