Rhumbline Advisers Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

Rhumbline Advisers grew its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986,456 shares of the real estate investment trust's stock after purchasing an additional 9,567 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of American Homes 4 Rent worth $36,913,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMH. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock worth $503,503,000 after purchasing an additional 214,242 shares during the last quarter. FMR LLC raised its stake in American Homes 4 Rent by 12.9% in 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 purchasing an additional 937,116 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in American Homes 4 Rent by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust's stock valued at $162,160,000 after purchasing an additional 62,367 shares in the last quarter. Duff & Phelps Investment Management Co. grew its holdings in shares of American Homes 4 Rent by 5.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust's stock worth $136,373,000 after buying an additional 199,234 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of American Homes 4 Rent by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust's stock valued at $108,546,000 after buying an additional 110,586 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.60 during mid-day trading on Friday, reaching $35.11. 4,163,932 shares of the company's stock were exchanged, compared to its average volume of 2,264,954. The business's fifty day simple moving average is $35.77 and its 200-day simple moving average is $37.39. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The stock has a market capitalization of $12.97 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 3.57 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results 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. 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 21.51% and a return on equity of 4.76%. On average, equities research analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

Analysts Set New Price Targets

A number of analysts have commented on AMH shares. Keefe, Bruyette & Woods cut their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. JMP Securities restated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. 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 report on Thursday, January 23rd. Finally, Barclays reduced their price target on shares of American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and an average target price of $40.67.

Insiders Place Their Bets

In related news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares of the company's stock, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company's stock, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by insiders.

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.