Tredje AP fonden Sells 25,896 Shares of American Homes 4 Rent (NYSE:AMH)

Tredje AP fonden lowered its position in shares of American Homes 4 Rent (NYSE:AMH) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,897 shares of the real estate investment trust’s stock after selling 25,896 shares during the period. Tredje AP fonden’s holdings in American Homes 4 Rent were worth $969,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of American Homes 4 Rent by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after purchasing an additional 8,370 shares during the period. TCW Group Inc. bought a new position in American Homes 4 Rent in the third quarter worth $962,000. Charles Schwab Investment Management Inc. lifted its position in American Homes 4 Rent by 2.6% during the fourth 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 buying an additional 110,022 shares during the period. Bank of New York Mellon Corp boosted 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 in the last quarter. Finally, Swedbank AB grew its position in shares of American Homes 4 Rent by 25.0% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after buying an additional 100,000 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

NYSE AMH opened at $35.41 on Friday. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The business’s fifty day moving average price is $35.40 and its 200-day moving average price is $37.09.

American Homes 4 Rent (NYSE:AMH) last announced its 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. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. On average, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared 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 is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.39%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMH. Barclays boosted their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank cut 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 research note on Thursday, January 23rd. Royal Bank of Canada cut their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $40.33.

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.