American Homes 4 Rent (NYSE:AMH) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in American Homes 4 Rent (NYSE:AMH) by 23.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,294,924 shares of the real estate investment trust’s stock after selling 709,473 shares during the period. Legal & General Group Plc’s holdings in American Homes 4 Rent were worth $85,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AMH. Mountain Hill Investment Partners Corp. acquired a new stake in American Homes 4 Rent during the fourth quarter worth about $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its holdings in shares of American Homes 4 Rent by 56.6% during 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 purchasing an additional 392 shares during the last quarter. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 37.1% in 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 during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James lowered their price objective on American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday. 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 for the company. in a research report on Thursday, January 23rd. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Mizuho decreased their target price 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, Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.14.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.17 on Friday. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 3.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The stock’s 50 day moving average price is $35.82 and its 200 day moving average price is $36.54.

American Homes 4 Rent (NYSE:AMH) last posted 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. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio 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.