American Homes 4 Rent (NYSE:AMH) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 31.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,761 shares of the real estate investment trust’s stock after selling 27,003 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in American Homes 4 Rent were worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. National Pension Service acquired a new position in shares of American Homes 4 Rent in the fourth quarter worth about $30,000. Jones Financial Companies Lllp raised its position in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 392 shares during the period. Assetmark Inc. raised its position in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares during the period. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in shares of American Homes 4 Rent by 3,136.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,474 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.5 %

Shares of NYSE AMH opened at $36.34 on Thursday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The stock has a market cap of $13.45 billion, a PE ratio of 33.64, a P/E/G 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. The company has a 50-day moving average of $35.41 and a 200 day moving average of $37.03.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

Analysts Set New Price Targets

AMH has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Mizuho decreased their price objective 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. Scotiabank downgraded 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. Barclays upped their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

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.