Westpac Banking Corp Sells 9,070 Shares of American Homes 4 Rent (NYSE:AMH)

Westpac Banking Corp reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,493 shares of the real estate investment trust’s stock after selling 9,070 shares during the quarter. Westpac Banking Corp’s holdings in American Homes 4 Rent were worth $4,434,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $26,000. National Pension Service acquired a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its stake in shares of 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 valued at $41,000 after buying an additional 392 shares in the last quarter. Assetmark Inc. raised its position in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 607 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

AMH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada cut their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Mizuho cut 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. Finally, Barclays lifted their price target on 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of “Hold” and a consensus price target of $40.23.

American Homes 4 Rent Trading Up 0.6 %

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

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This is an increase 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%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

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.