Tredje AP fonden Lowers Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Tredje AP fonden trimmed its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 50.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,897 shares of the real estate investment trust's stock after selling 25,896 shares during the period. Tredje AP fonden's holdings in American Homes 4 Rent were worth $969,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $30,000. Assetmark Inc. lifted its position in American Homes 4 Rent by 359.1% in 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 in the last quarter. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 56.6% during 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 last quarter. UMB Bank n.a. increased its holdings in 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 worth $52,000 after purchasing an additional 607 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of American Homes 4 Rent by 3,136.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,474 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

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American Homes 4 Rent Stock Performance

NYSE:AMH traded up $0.19 on Wednesday, reaching $36.34. 2,235,907 shares of the company's stock were exchanged, compared to its average volume of 2,094,413. The stock has a fifty day simple moving average of $35.40 and a 200-day simple moving average of $37.03. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week 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 firm has a market cap of $13.45 billion, a price-to-earnings ratio of 33.64, 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 quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $442.02 million. As a group, sell-side 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. Investors of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. American Homes 4 Rent's dividend payout ratio is 111.11%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMH shares. Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective for the company. in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.33.

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.