Primecap Management Co. CA Has $10.83 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Primecap Management Co. CA lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,440 shares of the real estate investment trust's stock after selling 18,120 shares during the period. Primecap Management Co. CA owned 0.08% of American Homes 4 Rent worth $10,831,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Atria Investments Inc raised its position in 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 worth $3,175,000 after acquiring an additional 316 shares in the last quarter. Assetmark Inc. increased its stake in shares of American Homes 4 Rent by 37.1% during the 4th 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 during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of American Homes 4 Rent by 56.6% in the 4th 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 during the period. State of Michigan Retirement System lifted its stake in American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after purchasing an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in American Homes 4 Rent by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

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American Homes 4 Rent Price Performance

NYSE:AMH traded up $0.76 during trading hours on Monday, reaching $37.14. 2,213,512 shares of the company were exchanged, compared to its average volume of 2,094,206. The business has a 50 day moving average of $35.44 and a 200 day moving average of $36.96. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. 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 has a market capitalization of $13.74 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results 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. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Wall Street Analysts Forecast Growth

AMH has been the topic of several research analyst reports. Mizuho dropped their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada dropped their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. StockNews.com lowered shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Hold" and an average price target of $40.29.

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.