American Homes 4 Rent (NYSE:AMH) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 96.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,191,092 shares of the real estate investment trust's stock after purchasing an additional 1,564,994 shares during the quarter. Wellington Management Group LLP owned approximately 0.86% of American Homes 4 Rent worth $119,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $703,000. D.A. Davidson & CO. acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at about $224,000. Public Sector Pension Investment Board raised its position in shares of American Homes 4 Rent by 29.7% in the third quarter. Public Sector Pension Investment Board now owns 42,936 shares of the real estate investment trust's stock valued at $1,648,000 after buying an additional 9,838 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of American Homes 4 Rent by 26.3% in the third quarter. Benjamin Edwards Inc. now owns 22,456 shares of the real estate investment trust's stock worth $862,000 after buying an additional 4,682 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in American Homes 4 Rent by 2,150.3% during 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 acquiring an additional 1,849,020 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMH. 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. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. JMP Securities restated 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. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $40.23.

American Homes 4 Rent Trading Up 0.8 %

Shares of AMH stock traded up $0.28 during trading hours on Tuesday, hitting $34.24. The company had a trading volume of 353,466 shares, compared to its average volume of 2,409,308. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $12.67 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The company's fifty day moving average is $35.87 and its 200 day moving average is $36.72. American Homes 4 Rent has a fifty-two week low of $33.78 and a fifty-two week high of $41.41.

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

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 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.