American Homes 4 Rent (NYSE:AMH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,758 shares of the real estate investment trust's stock after selling 75,984 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of American Homes 4 Rent worth $17,503,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of American Homes 4 Rent in the third quarter valued at about $348,000. Orion Portfolio Solutions LLC purchased a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $232,000. Sanctuary Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $762,000. Tidal Investments LLC boosted its stake in shares of American Homes 4 Rent by 39.4% in the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust's stock valued at $632,000 after buying an additional 4,649 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in American Homes 4 Rent by 2.0% during the third quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust's stock worth $30,620,000 after acquiring an additional 15,931 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 1.4 %

AMH stock traded up $0.51 during trading on Friday, reaching $36.86. The stock had a trading volume of 1,493,523 shares, compared to its average volume of 2,195,905. The firm has a fifty day moving average price of $35.93 and a 200 day moving average price of $36.46. 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 has a market capitalization of $13.64 billion, a P/E ratio of 34.13, a PEG ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on AMH. Royal Bank of Canada decreased their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price objective for the company 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 report on Tuesday, January 14th. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a research note on Thursday, January 23rd. Finally, Raymond James lowered their price objective on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.