Prudential Financial Inc. Raises Stock Position in American Homes 4 Rent (NYSE:AMH)

Prudential Financial Inc. grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,437,930 shares of the real estate investment trust's stock after buying an additional 33,604 shares during the quarter. Prudential Financial Inc. owned 0.39% of American Homes 4 Rent worth $53,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in American Homes 4 Rent during the third quarter valued at approximately $306,000. Advisors Asset Management Inc. raised 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 buying an additional 596 shares during the period. Charles Schwab Investment Management Inc. lifted its position in American Homes 4 Rent by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust's stock worth $162,160,000 after buying an additional 62,367 shares during the last quarter. Cerity Partners LLC purchased a new position in American Homes 4 Rent during the third quarter worth $703,000. Finally, Swedbank AB increased its position in American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust's stock valued at $19,195,000 after acquiring an additional 100,000 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Royal Bank of Canada reduced their price target on 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. JMP Securities restated 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. Finally, Scotiabank downgraded 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.23.

American Homes 4 Rent Stock Up 0.3 %

NYSE:AMH traded up $0.10 during mid-day trading on Friday, reaching $37.58. The company's stock had a trading volume of 1,286,714 shares, compared to its average volume of 2,175,464. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The stock has a fifty day moving average of $35.66 and a 200-day moving average of $36.90. The firm has a market capitalization of $13.91 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $442.02 million. Equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

American Homes 4 Rent Company 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.