Teacher Retirement System of Texas Takes $3.42 Million Position in American Homes 4 Rent (NYSE:AMH)

Teacher Retirement System of Texas purchased a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 91,449 shares of the real estate investment trust's stock, valued at approximately $3,422,000.

Several other large investors also recently made changes to their positions in AMH. Atria Investments Inc boosted its position in 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 period. Assetmark Inc. grew its stake in American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 375 shares during the last quarter. Jones Financial Companies Lllp grew its stake in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares during the last quarter. State of Michigan Retirement System raised its holdings in American Homes 4 Rent by 0.5% in the 4th 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. Finally, Steward Partners Investment Advisory LLC lifted its position in American Homes 4 Rent by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock worth $131,000 after acquiring an additional 438 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

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Analysts Set New Price Targets

AMH has been the topic of several research analyst reports. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a research report on Thursday, January 23rd. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. JMP Securities reissued a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Morgan Stanley raised shares of 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. Finally, Barclays increased their price target on shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.29.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.10 during trading hours on Friday, hitting $37.58. The company had a trading volume of 1,286,714 shares, compared to its average volume of 2,175,463. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The firm's fifty day moving average is $35.66 and its 200 day moving average is $36.92. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.19%. This is a boost 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 is currently 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.