American Homes 4 Rent (NYSE:AMH) Stock Position Trimmed by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 359,097 shares of the real estate investment trust's stock after selling 13,153 shares during the quarter. Corebridge Financial Inc. owned about 0.10% of American Homes 4 Rent worth $13,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in American Homes 4 Rent by 4.5% during 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 acquiring an additional 8,370 shares during the last quarter. TCW Group Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $962,000. PGGM Investments increased its position 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 worth $39,760,000 after purchasing an additional 71,890 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in American Homes 4 Rent by 2.6% in the fourth 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 buying an additional 110,022 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in American Homes 4 Rent by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust's stock valued at $110,701,000 after buying an additional 248,729 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMH. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. JMP Securities reiterated a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Mizuho decreased their target price on 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. Finally, StockNews.com downgraded 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 given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.23.

American Homes 4 Rent Stock Up 0.3 %

AMH traded up $0.10 during trading on Friday, hitting $37.58. The company had a trading volume of 1,286,714 shares, compared to its average volume of 2,175,464. 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. The company has a market cap of $13.91 billion, a PE ratio of 34.80, a P/E/G ratio of 3.56 and a beta of 0.77. The business has a 50-day moving average of $35.66 and a 200-day moving average of $36.88.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. 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%.

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.