American Homes 4 Rent (NYSE:AMH) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,930,002 shares of the real estate investment trust’s stock after buying an additional 29,646 shares during the period. Massachusetts Financial Services Co. MA’s holdings in American Homes 4 Rent were worth $147,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Atria Investments Inc increased its position in American Homes 4 Rent by 0.4% during the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 316 shares in the last quarter. Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 392 shares in the last quarter. State of Michigan Retirement System raised its position in shares of 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 valued at $2,810,000 after purchasing an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in American Homes 4 Rent by 14.3% in 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 purchasing an additional 438 shares in 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 analysts have issued reports on the stock. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Mizuho reduced their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.23.

American Homes 4 Rent Stock Performance

AMH opened at $35.47 on Friday. The stock has a market cap of $13.13 billion, a P/E ratio of 32.84, a P/E/G ratio of 3.56 and a beta of 0.77. 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 firm has a fifty day moving average price of $35.89 and a 200 day moving average price of $36.81. 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 issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. Equities research analysts anticipate 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. Shareholders of record on Friday, March 14th were given 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 3.38%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. 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.