American Homes 4 Rent (NYSE:AMH) Shares Sold by Korea Investment CORP

Korea Investment CORP cut its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 348,352 shares of the real estate investment trust's stock after selling 34,500 shares during the quarter. Korea Investment CORP owned approximately 0.09% of American Homes 4 Rent worth $13,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atria Investments Inc grew its holdings in American Homes 4 Rent by 0.4% during the 4th 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. Assetmark Inc. grew its stake in shares of 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 purchasing an additional 375 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in 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 during the last quarter. State of Michigan Retirement System lifted its holdings in American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after buying an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of American Homes 4 Rent by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock worth $131,000 after acquiring an additional 438 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMH. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Barclays boosted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. JMP Securities restated a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.23.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded down $1.71 during trading hours on Friday, reaching $35.47. 3,075,638 shares of the company's stock were exchanged, compared to its average volume of 2,189,153. 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's 50 day moving average is $35.89 and its two-hundred day moving average is $36.81. The company has a market cap of $13.13 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $442.02 million. 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 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.