OVERSEA CHINESE BANKING Corp Ltd Sells 27,003 Shares of American Homes 4 Rent (NYSE:AMH)

OVERSEA CHINESE BANKING Corp Ltd trimmed its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,761 shares of the real estate investment trust's stock after selling 27,003 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in American Homes 4 Rent were worth $2,161,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in American Homes 4 Rent by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock worth $7,337,000 after purchasing an additional 8,370 shares during the last quarter. TCW Group Inc. bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at about $962,000. PGGM Investments boosted its holdings 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 valued at $39,760,000 after acquiring an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $162,180,000 after acquiring an additional 110,022 shares during the period. Finally, Bank of New York Mellon Corp increased its stake 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 purchasing an additional 248,729 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

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American Homes 4 Rent Stock Up 2.1 %

Shares of NYSE:AMH traded up $0.76 during midday trading on Monday, reaching $37.14. The company's stock had a trading volume of 2,213,512 shares, compared to its average volume of 2,094,206. 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 firm has a 50 day moving average of $35.44 and a 200-day moving average of $36.96. The firm has a market capitalization of $13.74 billion, a P/E ratio of 34.38, a PEG ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share 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 business had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.23%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent's payout ratio is 111.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMH. Barclays increased 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. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their price objective for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.29.

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.