New York State Common Retirement Fund Trims Stake in American Homes 4 Rent (NYSE:AMH)

New York State Common Retirement Fund lowered its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 182,198 shares of the real estate investment trust's stock after selling 9,529 shares during the quarter. New York State Common Retirement Fund's holdings in American Homes 4 Rent were worth $6,818,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMH. Assetmark Inc. lifted its position in American Homes 4 Rent by 359.1% during the 3rd 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 period. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 3rd quarter worth approximately $53,000. Loomis Sayles & Co. L P grew 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 worth $58,000 after buying an additional 1,474 shares during the last quarter. Finally, Quarry LP purchased a new position in American Homes 4 Rent during the third quarter valued at $66,000. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

AMH has been the topic of a number of recent research reports. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Barclays reduced their price objective on shares of American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, January 24th. JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank downgraded shares of 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 report on Thursday, January 23rd. Finally, StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $40.47.

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Insider Buying and Selling

In related news, Director Douglas N. Benham acquired 3,286 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares of the company's stock, valued at $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company's stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Stock Performance

NYSE:AMH traded up $0.59 on Friday, hitting $37.04. The stock had a trading volume of 6,767,444 shares, compared to its average volume of 2,491,363. The business's 50-day simple moving average is $35.64 and its two-hundred day simple moving average is $37.27. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping 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 company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent's dividend payout ratio is 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.