Dimensional Fund Advisors LP Raises Stake in American Homes 4 Rent (NYSE:AMH)

Dimensional Fund Advisors LP raised its holdings in American Homes 4 Rent (NYSE:AMH) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,644,569 shares of the real estate investment trust’s stock after purchasing an additional 232,265 shares during the quarter. Dimensional Fund Advisors LP owned about 1.47% of American Homes 4 Rent worth $139,337,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of American Homes 4 Rent by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 92,891 shares of the real estate investment trust’s stock worth $2,787,000 after buying an additional 393 shares during the last quarter. Assetmark Inc. lifted its position in American Homes 4 Rent by 4.6% in the fourth quarter. Assetmark Inc. now owns 11,236 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 496 shares during the period. BBVA USA Bancshares Inc. boosted its holdings in American Homes 4 Rent by 7.4% in the 4th quarter. BBVA USA Bancshares Inc. now owns 7,940 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 546 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in American Homes 4 Rent by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 212,425 shares of the real estate investment trust’s stock valued at $6,373,000 after purchasing an additional 643 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in American Homes 4 Rent by 2.3% during the 3rd quarter. ProShare Advisors LLC now owns 33,004 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 742 shares during the period. 89.80% of the stock is owned by institutional investors and hedge funds.

In other American Homes 4 Rent news, COO Bryan Smith sold 8,078 shares of the firm’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $32.43, for a total value of $261,969.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 5th. The stock was bought at an average cost of $26.75 per share, for a total transaction of $53,500.00. Following the completion of the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $187,250. The disclosure for this purchase can be found here. Insiders have sold a total of 316,092 shares of company stock worth $10,230,812 over the last ninety days. 21.86% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on the company. Morgan Stanley lifted their price target on American Homes 4 Rent from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 9th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of American Homes 4 Rent from $28.00 to $31.00 in a research report on Tuesday, December 15th. B. Riley increased their price target on shares of American Homes 4 Rent from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, April 1st. Smith Barney Citigroup boosted their price objective on shares of American Homes 4 Rent from $28.00 to $31.00 in a report on Tuesday, December 15th. Finally, TheStreet raised shares of American Homes 4 Rent from a “c+” rating to a “b-” rating in a report on Monday, March 1st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $32.00.

Shares of AMH opened at $34.20 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 1.51. American Homes 4 Rent has a 1-year low of $22.00 and a 1-year high of $34.50. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 126.67, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. The firm has a 50 day simple moving average of $32.02 and a 200-day simple moving average of $30.24.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 25th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. American Homes 4 Rent had a return on equity of 2.23% and a net margin of 11.72%. On average, equities analysts expect that American Homes 4 Rent will post 1.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.17%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, March 12th. American Homes 4 Rent’s dividend payout ratio is 36.04%.

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 single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Agoura Hills, CA.

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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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