American Homes 4 Rent (NYSE:AMH) Position Reduced by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its position in American Homes 4 Rent (NYSE:AMH) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,200 shares of the real estate investment trust’s stock after selling 2,500 shares during the period. UniSuper Management Pty Ltd’s holdings in American Homes 4 Rent were worth $3,787,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMH. EverSource Wealth Advisors LLC grew its position in 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 worth $7,337,000 after purchasing an additional 8,370 shares in the last quarter. TCW Group Inc. acquired a new position in American Homes 4 Rent during the third quarter valued at $962,000. PGGM Investments lifted its stake 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 acquiring an additional 71,890 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 110,022 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in 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 acquiring an additional 248,729 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMH shares. Mizuho decreased their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Barclays upped their target price on 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.23.

American Homes 4 Rent Trading Up 0.3 %

Shares of AMH stock opened at $37.58 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $35.66 and its two-hundred day moving average is $36.92. The company has a market cap of $13.91 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41.

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. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

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