American Homes 4 Rent (NYSE:AMH) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC grew its stake in shares of American Homes 4 Rent (NYSE:AMH) by 26.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,821,944 shares of the real estate investment trust’s stock after purchasing an additional 588,302 shares during the period. Clearbridge Investments LLC owned approximately 0.76% of American Homes 4 Rent worth $105,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. California Public Employees Retirement System raised its position in shares of American Homes 4 Rent by 143.3% in the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust’s stock valued at $54,138,000 after buying an additional 852,117 shares during the last quarter. Schroder Investment Management Group boosted its position in American Homes 4 Rent by 25.9% during the 4th quarter. Schroder Investment Management Group now owns 1,508,704 shares of the real estate investment trust’s stock worth $55,882,000 after purchasing an additional 310,725 shares during the period. Allstate Corp purchased a new position in American Homes 4 Rent in the fourth quarter valued at about $371,000. DnB Asset Management AS boosted its holdings in American Homes 4 Rent by 7.2% in the 4th quarter. DnB Asset Management AS now owns 57,372 shares of the real estate investment trust’s stock worth $2,147,000 after acquiring an additional 3,847 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in American Homes 4 Rent by 23.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,417 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 1,385 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

AMH has been the topic of several recent analyst reports. Royal Bank of Canada cut 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 report on Monday, February 24th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.23.

American Homes 4 Rent Stock Performance

AMH stock opened at $37.87 on Tuesday. The firm has a market cap of $14.02 billion, a PE ratio of 35.06, a P/E/G ratio of 3.56 and a beta of 0.77. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $35.71 and its two-hundred day moving average price is $36.86. 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) last posted its quarterly earnings data 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 company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. 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.