American Homes 4 Rent (NYSE:AMH) Shares Purchased by Adelante Capital Management LLC

Adelante Capital Management LLC lifted its position in American Homes 4 Rent (NYSE:AMH) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 837,803 shares of the real estate investment trust’s stock after purchasing an additional 608 shares during the quarter. American Homes 4 Rent makes up 2.0% of Adelante Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding. Adelante Capital Management LLC owned about 0.23% of American Homes 4 Rent worth $31,351,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in American Homes 4 Rent by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after acquiring an additional 8,370 shares during the period. Clearbridge Investments LLC lifted its position in American Homes 4 Rent by 26.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock worth $105,597,000 after acquiring an additional 588,302 shares during the period. PGGM Investments lifted its position in American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after acquiring an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 worth $162,180,000 after acquiring an additional 110,022 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in American Homes 4 Rent by 4.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust’s stock worth $18,861,000 after acquiring an additional 22,310 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of recent research reports. Barclays increased their price objective 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. Scotiabank downgraded 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. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Mizuho decreased their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.14.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $36.63 on Wednesday. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. 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 company’s 50-day moving average is $36.13 and its two-hundred day moving average is $36.43. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its 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 net margin of 23.86% and a return on equity of 5.33%. Research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is 111.11%.

About American Homes 4 Rent

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.