Legal & General Group Plc Sells 709,473 Shares of American Homes 4 Rent (NYSE:AMH)

Legal & General Group Plc lowered its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,294,924 shares of the real estate investment trust's stock after selling 709,473 shares during the quarter. Legal & General Group Plc owned 0.62% of American Homes 4 Rent worth $85,876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Atria Investments Inc increased its stake in shares of 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 valued at $3,175,000 after acquiring an additional 316 shares during the period. Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 375 shares in the last quarter. Quadrant Capital Group LLC grew its stake in American Homes 4 Rent by 11.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 376 shares in the last quarter. Jones Financial Companies Lllp grew its position in American Homes 4 Rent by 56.6% during 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 purchasing an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of American Homes 4 Rent by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMH shares. Barclays upped 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. Raymond James decreased their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock 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. Finally, Mizuho dropped their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.14.

American Homes 4 Rent Trading Up 2.3 %

Shares of AMH traded up $0.84 during mid-day trading on Thursday, hitting $37.19. 605,899 shares of the company's stock traded hands, compared to its average volume of 2,194,973. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The business's 50-day moving average price is $35.86 and its 200-day moving average price is $36.50. The firm has a market capitalization of $13.77 billion, a P/E ratio of 34.43, 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 announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analysts' expectations 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, sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.30 per share. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's 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.