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

California Public Employees Retirement System increased its holdings in American Homes 4 Rent (NYSE:AMH) by 143.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,446,754 shares of the real estate investment trust’s stock after acquiring an additional 852,117 shares during the quarter. California Public Employees Retirement System’s holdings in American Homes 4 Rent were worth $54,138,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atria Investments Inc raised its stake in shares of American Homes 4 Rent by 0.4% during the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after acquiring an additional 316 shares during the last quarter. Assetmark Inc. boosted its stake in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares during the last quarter. State of Michigan Retirement System grew its position in American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock valued at $2,810,000 after purchasing an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in American Homes 4 Rent by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 438 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $37.64 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The firm has a 50 day moving average of $35.76 and a 200 day moving average of $36.83.

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

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 3.19%. American Homes 4 Rent’s payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMH shares. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Mizuho decreased their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.