Massachusetts Financial Services Co. MA Has $149.74 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Massachusetts Financial Services Co. MA trimmed its position in shares of American Homes 4 Rent (NYSE:AMH) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,900,356 shares of the real estate investment trust’s stock after selling 51,484 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.06% of American Homes 4 Rent worth $149,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of American Homes 4 Rent by 783.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after buying an additional 981,872 shares during the last quarter. PGGM Investments purchased a new position in American Homes 4 Rent in the first quarter worth $32,199,000. Price T Rowe Associates Inc. MD boosted its position in American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after purchasing an additional 507,307 shares during the last quarter. Marshall Wace LLP bought a new position in American Homes 4 Rent in the 2nd quarter valued at $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of American Homes 4 Rent by 39.3% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock worth $53,420,000 after buying an additional 405,468 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMH. Keefe, Bruyette & Woods lowered their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Mizuho increased their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $37.66 on Friday. 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 has a one year low of $33.75 and a one year high of $41.41. The business’s 50 day simple moving average is $37.91 and its two-hundred day simple moving average is $37.41. The stock has a market capitalization of $13.92 billion, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 3.25 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.76%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.