American Homes 4 Rent (NYSE:AMH) Shares Acquired by TCW Group Inc.

TCW Group Inc. grew its stake in shares of American Homes 4 Rent (NYSE:AMH) by 7.2% in the 4th quarter, HoldingsChannel reports. The firm owned 26,863 shares of the real estate investment trust’s stock after acquiring an additional 1,809 shares during the quarter. TCW Group Inc.’s holdings in American Homes 4 Rent were worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ING Groep NV acquired a new position in shares of American Homes 4 Rent in the 4th quarter valued at $2,245,000. CIBC Asset Management Inc boosted its position in shares of American Homes 4 Rent by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 13,320 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 735 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after purchasing an additional 1,015,351 shares during the period. Rhumbline Advisers boosted its position in shares of American Homes 4 Rent by 1.0% in the 4th quarter. Rhumbline Advisers now owns 986,456 shares of the real estate investment trust’s stock valued at $36,913,000 after purchasing an additional 9,567 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of American Homes 4 Rent by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 665,618 shares of the real estate investment trust’s stock valued at $24,694,000 after purchasing an additional 6,449 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 1.0 %

Shares of AMH stock opened at $34.79 on Tuesday. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 3.61 and a beta of 0.78. The stock’s 50 day simple moving average is $35.67 and its 200 day simple moving average is $37.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last announced 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. American Homes 4 Rent had a return on equity of 5.35% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. As a group, research analysts predict that American Homes 4 Rent will post 1.86 EPS 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. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, March 14th. This is a positive change 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMH shares. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Barclays reduced their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.47.

Insider Transactions at American Homes 4 Rent

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

About American Homes 4 Rent

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.