BI Asset Management Fondsmaeglerselskab A S Reduces Stake in American Homes 4 Rent (NYSE:AMH)

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 86.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,029 shares of the real estate investment trust's stock after selling 59,349 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in American Homes 4 Rent were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc grew its stake in American Homes 4 Rent by 0.4% in the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock valued at $3,175,000 after acquiring an additional 316 shares during the period. Assetmark Inc. raised its holdings in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of American Homes 4 Rent by 11.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after buying an additional 376 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after buying an additional 400 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 $0.44 during mid-day trading on Monday, reaching $37.27. The company had a trading volume of 1,582,622 shares, compared to its average volume of 2,176,115. American Homes 4 Rent has a one year low of $31.68 and a one year 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. The company's 50-day moving average price is $36.07 and its 200-day moving average price is $36.43. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.30. The business 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%. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. 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 3.22%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Scotiabank cut 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 research report on Thursday, January 23rd. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Raymond James lowered their price target on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. 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 report on Wednesday, March 12th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of "Hold" and a consensus price target of $40.14.

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.