Andra AP fonden Has $12.65 Million Stake in American Homes 4 Rent (NYSE:AMH)

Andra AP fonden trimmed its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,000 shares of the real estate investment trust's stock after selling 8,800 shares during the quarter. Andra AP fonden owned approximately 0.09% of American Homes 4 Rent worth $12,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC increased its stake in shares of American Homes 4 Rent by 8.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 70,678 shares of the real estate investment trust's stock valued at $2,645,000 after acquiring an additional 5,653 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of American Homes 4 Rent during the fourth quarter worth $6,821,000. Arizona State Retirement System increased its position in shares of American Homes 4 Rent by 1.4% in the 4th quarter. Arizona State Retirement System now owns 95,639 shares of the real estate investment trust's stock valued at $3,579,000 after buying an additional 1,347 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in American Homes 4 Rent during the 4th quarter worth $775,000. Finally, Atria Investments Inc lifted its holdings in American Homes 4 Rent by 0.4% during the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock worth $3,175,000 after acquiring an additional 316 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JMP Securities reissued a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada reduced their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Scotiabank lowered American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Finally, Barclays upped their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.53.

American Homes 4 Rent Price Performance

Shares of AMH stock traded down $0.59 on Wednesday, hitting $35.02. 1,628,985 shares of the company's stock were exchanged, compared to its average volume of 2,469,347. The company has a 50 day moving average of $35.53 and a 200 day moving average of $37.16. The stock has a market cap of $12.96 billion, a P/E ratio of 32.42, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. 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 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 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.43%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

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.