American Homes 4 Rent (NYSE:AMH) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,676 shares of the real estate investment trust’s stock after selling 1,479 shares during the quarter. Commonwealth Equity Services LLC’s holdings in American Homes 4 Rent were worth $212,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Atria Investments Inc grew its position in shares of 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 buying an additional 316 shares in the last quarter. Assetmark Inc. boosted its stake in 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 valued at $52,000 after acquiring an additional 375 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 worth $41,000 after acquiring an additional 392 shares in the last quarter. State of Michigan Retirement System increased its position in shares of 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 worth $2,810,000 after purchasing an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of American Homes 4 Rent by 14.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 7.0 %

NYSE:AMH opened at $35.11 on Thursday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The business has a fifty day moving average of $35.81 and a 200-day moving average of $36.60. 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 market cap of $13.00 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.30 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.42%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

Wall Street Analyst Weigh In

AMH has been the subject of a number of research reports. 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 research note on Friday, January 24th. Barclays raised their price objective on 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. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. 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 on the stock. in a research note on Thursday, January 23rd. Finally, Mizuho cut their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Hold” and an average price target of $40.23.

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.