Westpac Banking Corp Has $4.43 Million Position in American Homes 4 Rent (NYSE:AMH)

Westpac Banking Corp lowered its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 118,493 shares of the real estate investment trust’s stock after selling 9,070 shares during the period. Westpac Banking Corp’s holdings in American Homes 4 Rent were worth $4,434,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after buying an additional 240,583 shares during the last quarter. Norges Bank acquired a new position in shares of American Homes 4 Rent during the 4th quarter valued at $822,019,000. Principal Financial Group Inc. grew its stake 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 valued at $598,232,000 after buying an additional 1,015,351 shares during the period. JPMorgan Chase & Co. grew its stake in American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after purchasing an additional 110,022 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 0.6 %

Shares of AMH opened at $37.89 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of $14.02 billion, a P/E ratio of 35.08, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The business has a 50-day moving average of $35.82 and a 200 day moving average of $36.84.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating 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 business had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is presently 111.11%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMH shares. Barclays raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Mizuho dropped their price target 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.