Cerity Partners LLC Cuts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Cerity Partners LLC decreased its position in American Homes 4 Rent (NYSE:AMH) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,100 shares of the real estate investment trust’s stock after selling 1,201 shares during the period. Cerity Partners LLC’s holdings in American Homes 4 Rent were worth $646,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMH. Norges Bank acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $822,019,000. Wellington Management Group LLP increased its holdings in American Homes 4 Rent by 96.2% in the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust’s stock worth $119,411,000 after acquiring an additional 1,564,994 shares in the last quarter. Principal Financial Group Inc. raised its position in American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the period. California Public Employees Retirement System lifted its holdings in American Homes 4 Rent by 143.3% during the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust’s stock valued at $54,138,000 after purchasing an additional 852,117 shares in the last quarter. Finally, FMR LLC grew its position in shares of American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock valued at $336,157,000 after purchasing an additional 757,772 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. 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 research note on Thursday, January 23rd. Royal Bank of Canada dropped their price objective on shares of 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. Barclays lifted 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 report on Wednesday, March 12th. Finally, Raymond James dropped their target price on American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and an average price target of $40.14.

American Homes 4 Rent Stock Up 1.4 %

American Homes 4 Rent stock opened at $36.86 on Monday. The stock has a 50-day simple moving average of $35.93 and a 200-day simple moving average of $36.46. The company has a market capitalization of $13.64 billion, a P/E ratio of 34.13, a PEG 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. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share 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 during the quarter, compared to the consensus estimate of $442.02 million. Equities research analysts expect 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 announced 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 an increase 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 annualized dividend and a dividend yield of 3.26%. American Homes 4 Rent’s payout ratio is presently 111.11%.

American Homes 4 Rent 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.