Bank of Montreal Can Sells 17,024 Shares of American Homes 4 Rent (NYSE:AMH)

Bank of Montreal Can cut its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,613 shares of the real estate investment trust's stock after selling 17,024 shares during the quarter. Bank of Montreal Can owned about 0.08% of American Homes 4 Rent worth $10,426,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Atria Investments Inc raised its holdings in American Homes 4 Rent by 0.4% during the 4th 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 period. Assetmark Inc. grew its position in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 375 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of American Homes 4 Rent by 11.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 376 shares during the period. Jones Financial Companies Lllp lifted its holdings in American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMH shares. Royal Bank of Canada lowered their price target 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. Mizuho lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. JMP Securities restated a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Raymond James dropped their price target on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.14.

American Homes 4 Rent Trading Up 1.4 %

Shares of AMH traded up $0.51 during trading hours on Friday, hitting $36.86. The company had a trading volume of 1,493,523 shares, compared to its average volume of 2,199,445. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The stock's 50 day moving average price is $35.89 and its 200 day moving average price is $36.49. The firm has a market cap of $13.64 billion, a P/E ratio of 34.13, a P/E/G ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly 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. The business had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. On average, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.26%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

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.