American Homes 4 Rent (NYSE:AMH) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp boosted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,192 shares of the real estate investment trust’s stock after buying an additional 4,862 shares during the period. Cibc World Markets Corp’s holdings in American Homes 4 Rent were worth $4,011,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMH. Janus Henderson Group PLC grew its holdings in American Homes 4 Rent by 2,150.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after buying an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. grew its holdings in 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 buying an additional 1,015,351 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in 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 valued at $42,507,000 after buying an additional 981,872 shares in the last quarter. FMR LLC grew its holdings in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after buying an additional 937,116 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in American Homes 4 Rent by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock valued at $110,701,000 after buying an additional 248,729 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

AMH opened at $36.34 on Thursday. The stock’s 50-day moving average price is $35.41 and its 200 day moving average price is $37.03. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. 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 firm has a market cap of $13.45 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to analyst estimates 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, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. 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 currently 111.11%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMH. Mizuho dropped their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. 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. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

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.