Lord Abbett & CO. LLC Decreases Position in American Homes 4 Rent (NYSE:AMH)

Lord Abbett & CO. LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 865,573 shares of the real estate investment trust's stock after selling 113,431 shares during the period. Lord Abbett & CO. LLC owned 0.23% of American Homes 4 Rent worth $32,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMH. EverSource Wealth Advisors LLC lifted its holdings in American Homes 4 Rent by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after acquiring an additional 8,370 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in American Homes 4 Rent by 26.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after acquiring an additional 588,302 shares during the last quarter. PGGM Investments lifted its holdings in American Homes 4 Rent by 7.3% in the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after acquiring an additional 71,890 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 110,022 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in American Homes 4 Rent by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust's stock valued at $18,861,000 after acquiring an additional 22,310 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMH. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada cut their target price on 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. JMP Securities reissued a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank lowered American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Finally, Raymond James cut their target price on 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. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $40.14.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded down $0.59 during trading on Tuesday, reaching $36.63. The company had a trading volume of 2,211,977 shares, compared to its average volume of 2,177,219. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. 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 stock's fifty day moving average price is $36.13 and its 200 day moving average price is $36.43. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week 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. 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 for the quarter, compared to analyst estimates of $442.02 million. As a group, equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

American Homes 4 Rent 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.