Charles Schwab Investment Management Inc. Has $162.18 Million Position in American Homes 4 Rent (NYSE:AMH)

Charles Schwab Investment Management Inc. grew its holdings in American Homes 4 Rent (NYSE:AMH) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,334,035 shares of the real estate investment trust’s stock after purchasing an additional 110,022 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in American Homes 4 Rent were worth $162,180,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Janus Henderson Group PLC grew its stake in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock worth $74,276,000 after acquiring an additional 1,849,020 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of American Homes 4 Rent by 783.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after acquiring an additional 981,872 shares during the last quarter. FMR LLC grew its stake in shares of American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after acquiring an additional 937,116 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of American Homes 4 Rent by 553.0% in the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock worth $14,543,000 after acquiring an additional 320,805 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Scotiabank downgraded shares of 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. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $40.47.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $36.22 on Friday. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The firm’s 50 day moving average is $35.60 and its 200-day moving average is $37.23. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 3.56 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

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 for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

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.