Wells Fargo & Company MN Trims Holdings in American Homes 4 Rent (NYSE:AMH)

Wells Fargo & Company MN trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,498 shares of the real estate investment trust's stock after selling 23,748 shares during the quarter. Wells Fargo & Company MN owned approximately 0.09% of American Homes 4 Rent worth $12,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. bought a new stake in shares of American Homes 4 Rent during the 4th quarter valued at $26,000. National Pension Service purchased a new position in American Homes 4 Rent during the fourth quarter valued at $30,000. Jones Financial Companies Lllp grew its holdings in American Homes 4 Rent by 56.6% during the fourth 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. UMB Bank n.a. increased its position in American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after buying an additional 607 shares in the last quarter. Finally, Assetmark Inc. increased its position in American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMH. Royal Bank of Canada cut their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. 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 note on Tuesday, January 21st. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a report on Thursday, January 23rd. One 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $40.14.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded up $0.51 during mid-day trading on Friday, reaching $36.86. The stock had a trading volume of 1,493,523 shares, compared to its average volume of 2,195,905. The company has a market cap of $13.64 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The business's 50 day moving average price is $35.93 and its 200 day moving average price is $36.46. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

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 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal 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 given a dividend of $0.30 per share. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.26%. American Homes 4 Rent's payout ratio is 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.