Invesco Ltd. Raises Stake in American Homes 4 Rent (NYSE:AMH)

Invesco Ltd. increased its position in American Homes 4 Rent (NYSE:AMH) by 186.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,292,773 shares of the real estate investment trust’s stock after buying an additional 4,094,177 shares during the period. Invesco Ltd. owned about 1.70% of American Homes 4 Rent worth $235,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent during the 4th quarter valued at about $26,000. National Pension Service purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its position in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares during the last quarter. UMB Bank n.a. raised its stake in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $35.17 on Friday. The stock has a market cap of $13.02 billion, a P/E ratio of 32.57, a PEG ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a 50-day moving average of $35.82 and a two-hundred day moving average of $36.54.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.41%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMH shares. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a research note on Thursday, January 23rd. Raymond James reduced their price objective on American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays increased their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Finally, Mizuho reduced their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.14.

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.