Barclays PLC Acquires 329,648 Shares of American Homes 4 Rent (NYSE:AMH)

Barclays PLC increased its holdings in American Homes 4 Rent (NYSE:AMH) by 95.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 676,449 shares of the real estate investment trust’s stock after acquiring an additional 329,648 shares during the quarter. Barclays PLC owned about 0.18% of American Homes 4 Rent worth $25,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC purchased a new position in shares of American Homes 4 Rent during the third quarter valued at approximately $232,000. Sanctuary Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the third quarter worth $762,000. Tidal Investments LLC increased its holdings in shares of American Homes 4 Rent by 39.4% during the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 4,649 shares in the last quarter. Retirement Systems of Alabama boosted its stake in American Homes 4 Rent by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust’s stock worth $30,620,000 after purchasing an additional 15,931 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after purchasing an additional 214,242 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $36.86 on Friday. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The firm has a 50-day moving average of $35.93 and a two-hundred day moving average of $36.48. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick 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 (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million for 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%. On average, 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.26%. This is a boost 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 dividend payout ratio is presently 111.11%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMH. Mizuho dropped their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Raymond James lowered their target price on shares of American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.14.

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.