Price T Rowe Associates Inc. MD Has $326.36 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Price T Rowe Associates Inc. MD raised its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,721,356 shares of the real estate investment trust's stock after purchasing an additional 675,077 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.36% of American Homes 4 Rent worth $326,355,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc raised its stake in shares of American Homes 4 Rent by 0.4% during the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock worth $3,175,000 after purchasing an additional 316 shares during the last quarter. Assetmark Inc. raised its position in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock worth $132,000 after acquiring an additional 376 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of 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 valued at $41,000 after acquiring an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after acquiring an additional 400 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMH has been the topic of several recent analyst reports. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. 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 research report on Thursday, January 23rd. Raymond James decreased their target price on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. JMP Securities reiterated a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Royal Bank of Canada decreased their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Hold" and a consensus price target of $40.14.

American Homes 4 Rent Trading Down 1.6 %

AMH traded down $0.59 during trading on Tuesday, reaching $36.63. The company had a trading volume of 2,211,977 shares, compared to its average volume of 2,176,256. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 3.56 and a beta of 0.73. The firm's 50-day simple moving average is $36.11 and its 200 day simple moving average is $36.43.

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 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share 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. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. 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 dividend on an annualized basis and a yield of 3.28%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

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.