Clearbridge Investments LLC Buys 588,302 Shares of American Homes 4 Rent (NYSE:AMH)

Clearbridge Investments LLC boosted its stake in American Homes 4 Rent (NYSE:AMH) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,821,944 shares of the real estate investment trust’s stock after purchasing an additional 588,302 shares during the quarter. Clearbridge Investments LLC’s holdings in American Homes 4 Rent were worth $105,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC bought a new position in American Homes 4 Rent in the third quarter valued at about $703,000. The Manufacturers Life Insurance Company raised its position in shares of American Homes 4 Rent by 10.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 280,032 shares of the real estate investment trust’s stock worth $10,750,000 after acquiring an additional 26,934 shares in the last quarter. D.A. Davidson & CO. bought a new stake in American Homes 4 Rent in the third quarter worth approximately $224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of American Homes 4 Rent by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust’s stock valued at $108,546,000 after acquiring an additional 110,586 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of American Homes 4 Rent by 29.7% during the third quarter. Public Sector Pension Investment Board now owns 42,936 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 9,838 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.87 on Tuesday. The business’s fifty day moving average is $35.71 and its 200 day moving average is $36.86. The company has a market capitalization of $14.02 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

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, beating analysts’ consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million during 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%. Sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. American Homes 4 Rent’s payout ratio is 111.11%.

Analyst Ratings Changes

AMH has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $39.00 to $40.00 in a report on Friday, January 24th. Scotiabank cut 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 note on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Mizuho reduced their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and a consensus target price 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.