Raymond James Financial Inc. Purchases Shares of 182,274 American Homes 4 Rent (NYSE:AMH)

Raymond James Financial Inc. bought a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 182,274 shares of the real estate investment trust's stock, valued at approximately $6,821,000.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC increased its stake in American Homes 4 Rent by 39.4% in the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust's stock valued at $632,000 after purchasing an additional 4,649 shares during the period. Retirement Systems of Alabama grew its stake in shares of American Homes 4 Rent by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust's stock valued at $30,620,000 after purchasing an additional 15,931 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of American Homes 4 Rent by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock valued at $503,503,000 after purchasing an additional 214,242 shares during the period. GAMMA Investing LLC raised its stake in shares of American Homes 4 Rent by 14.0% during the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 503 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $323,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Down 0.4 %

Shares of NYSE:AMH traded down $0.14 during midday trading on Friday, reaching $36.81. The company's stock had a trading volume of 1,561,700 shares, compared to its average volume of 2,178,498. The business has a 50 day moving average price of $36.07 and a 200 day moving average price of $36.44. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 34.08, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. 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 (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 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 analyst estimates of $442.02 million. Research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

AMH has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. 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. JMP Securities reissued a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $40.14.

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.