Raymond James Financial Inc. Acquires New Holdings in American Homes 4 Rent (NYSE:AMH)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust's stock worth $74,276,000 after purchasing an additional 1,849,020 shares during the last quarter. Principal Financial Group Inc. raised its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after buying an additional 1,015,351 shares during the last quarter. FMR LLC lifted its stake in American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock valued at $315,780,000 after acquiring an additional 937,116 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of American Homes 4 Rent by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust's stock valued at $110,701,000 after acquiring an additional 248,729 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of American Homes 4 Rent by 112.3% in the third quarter. BNP Paribas Financial Markets now owns 457,513 shares of the real estate investment trust's stock worth $17,564,000 after acquiring an additional 242,043 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMH shares. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Mizuho lowered their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price on the stock. in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada cut their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $40.29.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded up $0.25 on Thursday, hitting $37.49. 2,746,413 shares of the company were exchanged, compared to its average volume of 2,455,533. 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 company has a 50-day moving average price of $35.56 and a 200 day moving average price of $36.93. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million during the quarter, compared to analysts' expectations of $442.02 million. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

American Homes 4 Rent 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.