Pictet Asset Management Holding SA Sells 1,253 Shares of American Homes 4 Rent (NYSE:AMH)

Pictet Asset Management Holding SA trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,545 shares of the real estate investment trust’s stock after selling 1,253 shares during the period. Pictet Asset Management Holding SA owned about 0.06% of American Homes 4 Rent worth $8,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AMH. Vanguard Group Inc. raised its holdings in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after purchasing an additional 240,583 shares in the last quarter. Norges Bank purchased a new position in shares of American Homes 4 Rent in the fourth quarter worth about $822,019,000. Principal Financial Group Inc. raised its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after buying an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. lifted its position in American Homes 4 Rent by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after purchasing an additional 689,741 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after buying an additional 110,022 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Royal Bank of Canada dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Mizuho reduced their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Scotiabank lowered shares of 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.23.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $37.89 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $35.82 and a 200 day moving average price of $36.84. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The stock has a market cap of $14.02 billion, a P/E ratio of 35.08, a PEG ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. American Homes 4 Rent’s dividend payout ratio is currently 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.