American Homes 4 Rent (NYSE:AMH) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,668,447 shares of the real estate investment trust's stock after selling 21,801 shares during the quarter. Geode Capital Management LLC owned about 1.80% of American Homes 4 Rent worth $249,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $30,000. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 392 shares during the period. UMB Bank n.a. grew its holdings in shares of 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 valued at $52,000 after buying an additional 607 shares during the last quarter. Finally, Assetmark Inc. increased its position 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 acquiring an additional 375 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the topic of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Royal Bank of Canada reduced their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective on the stock. in a report on Thursday, January 23rd. Barclays raised 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 report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their price target for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Hold" and an average price target of $40.23.

American Homes 4 Rent Price Performance

Shares of AMH stock traded down $1.30 on Thursday, reaching $33.80. 390,089 shares of the company were exchanged, compared to its average volume of 2,418,898. 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 quick ratio of 0.58 and a current ratio of 0.76. The business has a 50-day moving average price of $35.81 and a 200 day moving average price of $36.60. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

American Homes 4 Rent Company 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.