Zurcher Kantonalbank Zurich Cantonalbank Sells 2,887 Shares of American Homes 4 Rent (NYSE:AMH)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,914 shares of the real estate investment trust’s stock after selling 2,887 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of American Homes 4 Rent worth $11,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. bought a new stake in American Homes 4 Rent during the third quarter worth $510,000. Bank of Nova Scotia lifted its stake in shares of American Homes 4 Rent by 18.1% in the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 1,183 shares during the last quarter. Manning & Napier Group LLC lifted its stake in shares of American Homes 4 Rent by 59.2% in the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock valued at $6,198,000 after acquiring an additional 64,131 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of American Homes 4 Rent by 2.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust’s stock valued at $4,554,000 after acquiring an additional 3,736 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of American Homes 4 Rent by 3.7% in the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust’s stock valued at $273,274,000 after acquiring an additional 287,245 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,263 shares of company stock worth $2,212,078. Company insiders own 6.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMH shares. Mizuho increased their price target on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research note on Monday, February 26th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their price target for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $35.28 on Friday. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 2.66 and a beta of 0.70. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The stock has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $35.38. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.00%.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.