Vinva Investment Management Ltd trimmed its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 59.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,735 shares of the real estate investment trust's stock after selling 15,941 shares during the period. Vinva Investment Management Ltd's holdings in American Homes 4 Rent were worth $398,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of AMH. National Pension Service bought a new stake in American Homes 4 Rent in the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp increased its position in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 392 shares during the last quarter. UMB Bank n.a. raised its stake in 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 in the last quarter. Assetmark Inc. lifted its position in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 375 shares during the last quarter. Finally, 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 in the last quarter. 91.87% of the stock is currently owned by institutional investors.
American Homes 4 Rent Stock Up 1.0 %
AMH traded up $0.36 on Wednesday, hitting $37.23. The company had a trading volume of 1,428,474 shares, compared to its average volume of 2,450,431. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a fifty day moving average price of $35.51 and a 200-day moving average price of $36.93. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41.
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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.
American Homes 4 Rent Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.22%. This is an increase 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 payout ratio is 111.11%.
Analysts Set New Price Targets
Several research analysts recently commented on the company. JMP Securities reiterated a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Royal Bank of Canada dropped 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. Scotiabank lowered American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Mizuho dropped their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, American Homes 4 Rent has an average rating of "Hold" and a consensus target price of $40.29.
Check Out Our Latest Report on American Homes 4 Rent
About American Homes 4 Rent
(
Free Report)
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.
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