Envestnet Asset Management Inc. Sells 75,984 Shares of American Homes 4 Rent (NYSE:AMH)

Envestnet Asset Management Inc. decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 467,758 shares of the real estate investment trust’s stock after selling 75,984 shares during the period. Envestnet Asset Management Inc. owned 0.13% of American Homes 4 Rent worth $17,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Atria Investments Inc lifted its holdings in shares of American Homes 4 Rent by 0.4% during the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after purchasing an additional 316 shares during the last quarter. Assetmark Inc. raised its stake 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 valued at $52,000 after buying an additional 375 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings 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 acquiring an additional 392 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after acquiring an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of American Homes 4 Rent by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 438 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $36.10 on Wednesday. The company has a market capitalization of $13.36 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. 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 company’s fifty day moving average price is $35.85 and its 200 day moving average price is $36.50. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (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 business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. On average, research 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.32%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. 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 report on Thursday, January 23rd. 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 research note on Monday, February 24th. Raymond James cut their price objective on 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, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. One investment 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.com, American Homes 4 Rent currently has an average rating of “Hold” and an average target price of $40.14.

About American Homes 4 Rent

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.