Andra AP fonden Sells 8,800 Shares of American Homes 4 Rent (NYSE:AMH)

Andra AP fonden decreased its position in American Homes 4 Rent (NYSE:AMH) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 338,000 shares of the real estate investment trust’s stock after selling 8,800 shares during the period. Andra AP fonden owned about 0.09% of American Homes 4 Rent worth $12,648,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Atria Investments Inc raised its stake 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 worth $3,175,000 after purchasing an additional 316 shares in the last quarter. Assetmark Inc. raised its stake in shares of 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 worth $52,000 after purchasing an additional 375 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 392 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of American Homes 4 Rent by 0.5% during 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of American Homes 4 Rent by 14.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 438 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Finally, Royal Bank of Canada decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $40.47.

Insider Transactions at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.32% of the stock is currently owned by insiders.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $36.22 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $37.23. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 33.54, a P/E/G ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data 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. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is 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.