American Assets Capital Advisers LLC Trims Position in American Homes 4 Rent (NYSE:AMH)

American Assets Capital Advisers LLC lowered its position in shares of American Homes 4 Rent (NYSE:AMH) by 13.9% during the fourth quarter, Holdings Channel reports. The fund owned 71,629 shares of the real estate investment trust’s stock after selling 11,522 shares during the quarter. American Homes 4 Rent makes up approximately 0.9% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 26th biggest position. American Assets Capital Advisers LLC’s holdings in American Homes 4 Rent were worth $2,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMH. Principal Financial Group Inc. grew its position in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after purchasing an additional 1,015,351 shares during the period. JPMorgan Chase & Co. boosted its stake in American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after buying an additional 214,242 shares during the last quarter. FMR LLC grew its holdings in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after buying an additional 937,116 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of American Homes 4 Rent by 2.6% during 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 acquiring an additional 110,022 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of American Homes 4 Rent by 5.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock worth $136,373,000 after acquiring an additional 199,234 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of 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. Barclays boosted their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.33.

American Homes 4 Rent Trading Up 2.2 %

NYSE AMH opened at $35.41 on Friday. The company’s fifty day simple moving average is $35.40 and its 200-day simple moving average is $37.09. The stock has a market cap of $13.11 billion, a P/E ratio of 32.79, a PEG ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

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, topping analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is 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.