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

Guggenheim Capital LLC cut its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 89.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,007 shares of the real estate investment trust's stock after selling 236,149 shares during the period. Guggenheim Capital LLC's holdings in American Homes 4 Rent were worth $1,011,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent in the 4th quarter valued at $26,000. National Pension Service purchased a new stake in American Homes 4 Rent in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp lifted its position in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 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 buying an additional 375 shares during the period. Finally, UMB Bank n.a. increased its position 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 acquiring an additional 607 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH opened at $37.27 on Wednesday. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 3.56 and a beta of 0.73. The firm's fifty day simple moving average is $35.98 and its 200-day simple moving average is $36.45. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results 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. The company 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%. Equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMH. Raymond James lowered their price objective on shares of 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. Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Royal Bank of Canada decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a research report on Thursday, January 23rd. Finally, JMP Securities reissued a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $40.14.

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.

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