15,480 Shares in American Homes 4 Rent (NYSE:AMH) Bought by OFI Invest Asset Management

OFI Invest Asset Management purchased a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,480 shares of the real estate investment trust's stock, valued at approximately $559,000.

Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in American Homes 4 Rent in the fourth quarter worth approximately $30,000. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 392 shares in the last quarter. UMB Bank n.a. increased its position in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after buying an additional 607 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in American Homes 4 Rent by 3,136.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

AMH traded down $0.39 during midday trading on Thursday, reaching $34.60. 2,247,899 shares of the company's stock were exchanged, compared to its average volume of 2,473,311. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The business has a 50-day simple moving average of $35.48 and a two-hundred day simple moving average of $37.15. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

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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 earnings per share (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 business had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. As a group, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be 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 of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.47%. American Homes 4 Rent's payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, February 24th. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, Barclays raised their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.33.

About American Homes 4 Rent

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.