Swiss National Bank Sells 43,800 Shares of American Homes 4 Rent (NYSE:AMH)

Swiss National Bank reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 930,117 shares of the real estate investment trust's stock after selling 43,800 shares during the quarter. Swiss National Bank owned approximately 0.25% of American Homes 4 Rent worth $34,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Avantax Advisory Services Inc. grew its stake in shares of American Homes 4 Rent by 5.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 34,604 shares of the real estate investment trust's stock worth $1,295,000 after acquiring an additional 1,691 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $7,337,000 after buying an additional 8,370 shares in the last quarter. GC Wealth Management RIA LLC grew its stake in shares of American Homes 4 Rent by 1.2% in the fourth quarter. GC Wealth Management RIA LLC now owns 84,987 shares of the real estate investment trust's stock valued at $3,180,000 after buying an additional 1,049 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of American Homes 4 Rent by 0.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 130,767 shares of the real estate investment trust's stock valued at $4,893,000 after buying an additional 605 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at $559,000. 91.87% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMH. JMP Securities reissued a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank cut shares of 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 note on Thursday, January 23rd. Barclays lifted their price objective on shares of 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. StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $40.33.

American Homes 4 Rent Price Performance

AMH stock traded up $0.13 during midday trading on Thursday, reaching $36.48. The company had a trading volume of 1,526,758 shares, compared to its average volume of 2,091,947. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The stock has a 50 day moving average price of $35.41 and a 200-day moving average price of $37.03. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during 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 expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid 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 is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.29%. American Homes 4 Rent's payout ratio is presently 111.11%.

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.