Loomis Sayles & Co. L P Boosts Stake in American Homes 4 Rent (NYSE:AMH)

Loomis Sayles & Co. L P increased its holdings in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 3,136.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,521 shares of the real estate investment trust’s stock after acquiring an additional 1,474 shares during the quarter. Loomis Sayles & Co. L P’s holdings in American Homes 4 Rent were worth $58,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of American Homes 4 Rent by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after purchasing an additional 334,358 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock worth $162,160,000 after buying an additional 62,367 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in American Homes 4 Rent by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after buying an additional 37,757 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of American Homes 4 Rent by 1.5% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock worth $137,181,000 after acquiring an additional 53,648 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of American Homes 4 Rent by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,101,011 shares of the real estate investment trust’s stock worth $115,234,000 after acquiring an additional 78,973 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods cut their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. UBS Group upped their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.60.

Read Our Latest Stock Analysis on AMH

American Homes 4 Rent Stock Up 0.8 %

Shares of AMH opened at $38.62 on Friday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company’s 50-day simple moving average is $37.79 and its 200-day simple moving average is $37.46. The stock has a market capitalization of $14.27 billion, a PE ratio of 40.23, a P/E/G ratio of 3.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMHGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

American Homes 4 Rent Company Profile

(Free Report)

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.

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

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