Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 572,902 shares of the real estate investment trust's stock after selling 122,436 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of American Homes 4 Rent worth $21,438,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of American Homes 4 Rent by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after purchasing an additional 8,370 shares during the period. TCW Group Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter valued at $962,000. PGGM Investments increased its stake in American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock worth $39,760,000 after buying an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $162,180,000 after buying an additional 110,022 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in American Homes 4 Rent by 9.2% in 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. 91.87% of the stock is owned by institutional investors and hedge funds.
American Homes 4 Rent Stock Performance
NYSE AMH traded down $0.17 during trading hours on Tuesday, reaching $37.64. The company's stock had a trading volume of 2,234,727 shares, compared to its average volume of 2,185,067. The stock has a market cap of $13.93 billion, a PE ratio of 34.85, a PEG ratio of 3.56 and a beta of 0.77. The business has a 50-day simple moving average of $35.76 and a 200 day simple moving average of $36.83. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week 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 announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.
American Homes 4 Rent Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. American Homes 4 Rent's payout ratio is 111.11%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AMH. Barclays lifted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. Royal Bank of Canada dropped their price objective on 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. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. JMP Securities restated a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $39.00 to $40.00 in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $40.23.
Check Out Our Latest Analysis on American Homes 4 Rent
About American Homes 4 Rent
(
Free Report)
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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