PNC Financial Services Group Inc. Has $602,000 Holdings in American Homes 4 Rent (NYSE:AMH)

PNC Financial Services Group Inc. increased its stake in American Homes 4 Rent (NYSE:AMH) by 8.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,097 shares of the real estate investment trust’s stock after purchasing an additional 1,235 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Homes 4 Rent were worth $602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCW Group Inc. bought a new stake in American Homes 4 Rent during the 3rd quarter worth about $962,000. Charles Schwab Investment Management Inc. lifted its position in American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after buying an additional 110,022 shares in the last quarter. Bank of New York Mellon Corp lifted its position in American Homes 4 Rent by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after buying an additional 248,729 shares in the last quarter. Swedbank AB lifted its position in American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after buying an additional 100,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after buying an additional 214,242 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $36.17 on Wednesday. The company’s 50 day moving average price is $35.40 and its two-hundred day moving average price is $37.03. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The firm has a market cap of $13.39 billion, a PE ratio of 33.49, a PEG ratio of 3.56 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (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 firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. Equities research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is 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 dividend payout ratio is presently 111.11%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMH. Mizuho cut 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. Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

American Homes 4 Rent Profile

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.