New York Life Investment Management LLC Sells 45,460 Shares of American Homes 4 Rent (NYSE:AMH)

New York Life Investment Management LLC trimmed its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 54.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,632 shares of the real estate investment trust's stock after selling 45,460 shares during the quarter. New York Life Investment Management LLC's holdings in American Homes 4 Rent were worth $1,408,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMH. National Pension Service bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $30,000. Assetmark Inc. boosted its stake in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in American Homes 4 Rent during the 3rd quarter worth $53,000. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 607 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in shares of American Homes 4 Rent by 3,136.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 1,474 shares during the period. Institutional investors own 91.87% of the company's stock.

Insiders Place Their Bets

In related news, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company's stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.32% of the company's stock.

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American Homes 4 Rent Stock Performance

NYSE:AMH traded up $0.15 on Friday, hitting $36.22. The company's stock had a trading volume of 1,669,683 shares, compared to its average volume of 2,488,831. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The firm has a market capitalization of $13.41 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The stock has a fifty day moving average of $35.60 and a two-hundred day moving average of $37.23. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. Research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent's payout ratio is 111.11%.

Analyst Ratings Changes

A number of research firms recently commented on AMH. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. JMP Securities restated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.47.

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.