Teachers Retirement System of The State of Kentucky Sells 13,310 Shares of American Homes 4 Rent (NYSE:AMH)

Teachers Retirement System of The State of Kentucky cut its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,330 shares of the real estate investment trust's stock after selling 13,310 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in American Homes 4 Rent were worth $3,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in American Homes 4 Rent by 21.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 42,204 shares of the real estate investment trust's stock worth $1,579,000 after acquiring an additional 7,533 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of American Homes 4 Rent by 9.2% in the 4th quarter. MetLife Investment Management LLC now owns 188,498 shares of the real estate investment trust's stock valued at $7,054,000 after purchasing an additional 15,924 shares during the last quarter. Ossiam boosted its holdings in American Homes 4 Rent by 1.4% in the fourth quarter. Ossiam now owns 32,972 shares of the real estate investment trust's stock worth $1,234,000 after purchasing an additional 470 shares in the last quarter. Dimensional Fund Advisors LP increased its position in American Homes 4 Rent by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock worth $184,670,000 after buying an additional 28,381 shares during the last quarter. Finally, GeoWealth Management LLC raised its holdings in American Homes 4 Rent by 22.5% during the fourth quarter. GeoWealth Management LLC now owns 20,222 shares of the real estate investment trust's stock valued at $757,000 after buying an additional 3,717 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays increased their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Raymond James dropped their target price on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Mizuho decreased their price target 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.14.

American Homes 4 Rent Price Performance

NYSE AMH traded down $0.31 on Tuesday, reaching $36.91. The company's stock had a trading volume of 305,511 shares, compared to its average volume of 2,168,807. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $36.11 and a 200 day moving average price of $36.43. The firm has a market cap of $13.66 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed 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 represents a $1.20 annualized dividend and a yield of 3.25%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend 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.