DnB Asset Management AS Buys 3,847 Shares of American Homes 4 Rent (NYSE:AMH)

DnB Asset Management AS increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 57,372 shares of the real estate investment trust’s stock after purchasing an additional 3,847 shares during the quarter. DnB Asset Management AS’s holdings in American Homes 4 Rent were worth $2,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after acquiring an additional 240,583 shares during the last quarter. Norges Bank bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $822,019,000. Principal Financial Group Inc. raised its holdings in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after buying an additional 1,015,351 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of American Homes 4 Rent by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after acquiring an additional 689,741 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after acquiring an additional 110,022 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH stock opened at $37.64 on Wednesday. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $36.83.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating 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 company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.19%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent’s payout ratio is 111.11%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Barclays raised their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Hold” and an average price target of $40.23.

American Homes 4 Rent 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.