California Public Employees Retirement System Buys 852,117 Shares of American Homes 4 Rent (NYSE:AMH)

California Public Employees Retirement System lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 143.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,446,754 shares of the real estate investment trust’s stock after purchasing an additional 852,117 shares during the quarter. California Public Employees Retirement System owned about 0.39% of American Homes 4 Rent worth $54,138,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMH. Norges Bank acquired a new position in American Homes 4 Rent during the 4th quarter worth approximately $822,019,000. Janus Henderson Group PLC raised its position in shares of American Homes 4 Rent by 2,150.3% during 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 purchasing an additional 1,849,020 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after purchasing an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after purchasing an additional 689,741 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its position in American Homes 4 Rent by 17.3% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 4,166,956 shares of the real estate investment trust’s stock valued at $155,927,000 after purchasing an additional 614,655 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Down 0.4 %

Shares of NYSE:AMH opened at $37.64 on Wednesday. The firm has a fifty day moving average price of $35.76 and a two-hundred day moving average price of $36.83. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Analysts anticipate 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 was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.30 dividend. 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 yield of 3.19%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. JMP Securities reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho dropped their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.23.

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.