American Homes 4 Rent (NYSE:AMH) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in American Homes 4 Rent (NYSE:AMH) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 879,193 shares of the real estate investment trust’s stock after purchasing an additional 97,765 shares during the quarter. American Century Companies Inc. owned 0.24% of American Homes 4 Rent worth $32,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of American Homes 4 Rent by 40.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,886 shares of the real estate investment trust’s stock worth $6,731,000 after buying an additional 51,471 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in American Homes 4 Rent during the fourth quarter valued at approximately $3,422,000. Brooklyn FI LLC acquired a new position in American Homes 4 Rent in the fourth quarter valued at approximately $311,000. Xponance Inc. boosted its position in American Homes 4 Rent by 7.0% in the 4th quarter. Xponance Inc. now owns 55,213 shares of the real estate investment trust’s stock worth $2,066,000 after purchasing an additional 3,596 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $302,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

AMH opened at $37.58 on Friday. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The firm has a market capitalization of $13.91 billion, a PE ratio of 34.80, a PEG ratio of 3.56 and a beta of 0.77. 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’s 50-day moving average price is $35.66 and its 200 day moving average price is $36.92.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

AMH has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Barclays increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Finally, Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.