FIL Ltd Sells 11,239 Shares of American Homes 4 Rent (NYSE:AMH)

FIL Ltd lessened its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,941 shares of the real estate investment trust's stock after selling 11,239 shares during the quarter. FIL Ltd's holdings in American Homes 4 Rent were worth $6,621,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at approximately $822,019,000. Invesco Ltd. grew its position in American Homes 4 Rent by 186.2% in the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock valued at $235,476,000 after purchasing an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP increased its stake in American Homes 4 Rent by 96.2% in the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock valued at $119,411,000 after buying an additional 1,564,994 shares during the last quarter. Principal Financial Group Inc. lifted its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after buying an additional 1,015,351 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of American Homes 4 Rent by 143.3% during the 4th quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust's stock worth $54,138,000 after buying an additional 852,117 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

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

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm 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%. Sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AMH shares. Royal Bank of Canada dropped their target price 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. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. 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. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, Mizuho decreased their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. One equities research 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's stock. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of "Hold" and a consensus target price of $40.14.

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.