Robeco Institutional Asset Management B.V. grew its stake in American Homes 4 Rent (NYSE:AMH – Get Rating) by 25.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,577 shares of the real estate investment trust’s stock after acquiring an additional 63,188 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of American Homes 4 Rent worth $10,255,000 at the end of the most recent quarter.

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Other hedge funds have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in American Homes 4 Rent in the third quarter worth $10,349,000. Allianz Asset Management GmbH boosted its holdings in American Homes 4 Rent by 4.3% in the second quarter. Allianz Asset Management GmbH now owns 953,914 shares of the real estate investment trust’s stock worth $33,807,000 after acquiring an additional 39,221 shares in the last quarter. Naviter Wealth LLC boosted its holdings in American Homes 4 Rent by 4.2% in the third quarter. Naviter Wealth LLC now owns 11,561 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 468 shares in the last quarter. Adelante Capital Management LLC raised its stake in shares of American Homes 4 Rent by 6.5% in the third quarter. Adelante Capital Management LLC now owns 1,189,490 shares of the real estate investment trust’s stock worth $39,027,000 after purchasing an additional 72,806 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Homes 4 Rent by 7.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 61,919 shares of the real estate investment trust’s stock worth $2,032,000 after purchasing an additional 4,433 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMH shares. Oppenheimer restated a “market perform” rating and issued a $31.00 price target on shares of American Homes 4 Rent in a research note on Monday, March 6th. JPMorgan Chase & Co. cut American Homes 4 Rent from an “overweight” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Friday, December 16th. JMP Securities decreased their price target on American Homes 4 Rent from $42.00 to $38.00 and set a “market perform” rating for the company in a research note on Tuesday, February 28th. The Goldman Sachs Group upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $39.00 in a research note on Thursday, December 8th. Finally, Wolfe Research cut American Homes 4 Rent from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.09.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $30.01 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $32.45 and a two-hundred day simple moving average of $32.44. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 2.98 and a beta of 0.66. American Homes 4 Rent has a 52 week low of $29.10 and a 52 week high of $43.89.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a $0.22 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.93%. American Homes 4 Rent’s dividend payout ratio is presently 123.95%.

Insiders Place Their Bets

In other American Homes 4 Rent news, CFO Christopher Lau sold 13,281 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $30.22, for a total value of $401,351.82. Following the completion of the sale, the chief financial officer now owns 82,896 shares in the company, valued at $2,505,117.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Christopher Lau sold 13,281 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $30.22, for a total value of $401,351.82. Following the completion of the transaction, the chief financial officer now owns 82,896 shares of the company’s stock, valued at $2,505,117.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas N. Benham acquired 1,156 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was acquired at an average cost of $24.60 per share, with a total value of $28,437.60. Following the purchase, the director now owns 24,951 shares of the company’s stock, valued at $613,794.60. The disclosure for this purchase can be found here. Company insiders own 6.03% of the company’s stock.

American Homes 4 Rent Company Profile

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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.

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