UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,846,804 shares of the real estate investment trust’s stock after buying an additional 19,336 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.77% of American Homes 4 Rent worth $106,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in American Homes 4 Rent during the fourth quarter valued at approximately $822,019,000. Invesco Ltd. raised its holdings in shares of American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust’s stock valued at $235,476,000 after purchasing an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of American Homes 4 Rent by 96.2% in the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust’s stock valued at $119,411,000 after purchasing an additional 1,564,994 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of American Homes 4 Rent by 185.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust’s stock valued at $74,438,000 after purchasing an additional 1,291,865 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in American Homes 4 Rent by 40.1% in the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust’s stock worth $156,548,000 after purchasing an additional 1,198,471 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.
Analyst Ratings Changes
AMH has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 6th. Mizuho reduced 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. Scotiabank upped their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Raymond James lifted their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Finally, Evercore ISI boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $40.89.
American Homes 4 Rent Stock Performance
NYSE AMH opened at $37.66 on Friday. The company’s fifty day moving average is $37.01 and its two-hundred day moving average is $36.55. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week 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. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 34.87, a P/E/G ratio of 3.56 and a beta of 0.78.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $459.28 million during the quarter, compared to analysts’ expectations of $449.00 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.
American Homes 4 Rent Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.
Insider Activity at American Homes 4 Rent
In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack E. Corrigan bought 4,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.
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.
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