American Homes 4 Rent (NYSE:AMH) Stock Holdings Lessened by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,148 shares of the real estate investment trust’s stock after selling 801 shares during the period. Cornercap Investment Counsel Inc.’s holdings in American Homes 4 Rent were worth $305,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of American Homes 4 Rent by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock valued at $7,337,000 after acquiring an additional 8,370 shares in the last quarter. TCW Group Inc. purchased a new position in American Homes 4 Rent in the third quarter valued at about $962,000. PGGM Investments increased its position in American Homes 4 Rent by 7.3% in the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after purchasing an additional 71,890 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 worth $162,180,000 after purchasing an additional 110,022 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of American Homes 4 Rent by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock valued at $110,701,000 after buying an additional 248,729 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

AMH has been the topic of a number of research reports. Mizuho dropped their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered 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 report on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. One 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’s stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and a consensus target price of $40.23.

American Homes 4 Rent Trading Up 0.3 %

Shares of American Homes 4 Rent stock opened at $37.58 on Friday. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The company’s fifty day simple moving average is $35.66 and its 200-day simple moving average is $36.90. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 3.56 and a beta of 0.77. 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 posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.30. The company 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%. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 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.