American Homes 4 Rent (NYSE:AMH) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,982 shares of the real estate investment trust’s stock after selling 484 shares during the quarter. Securian Asset Management Inc.’s holdings in American Homes 4 Rent were worth $897,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth about $30,000. Assetmark Inc. boosted its position in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the period. Jones Financial Companies Lllp boosted its position in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 392 shares during the period. UMB Bank n.a. boosted its position in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 607 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in shares of American Homes 4 Rent by 3,136.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,474 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $35.41 on Friday. The stock has a fifty day moving average price of $35.40 and a 200 day moving average price of $37.09. The stock has a market cap of $13.11 billion, a PE ratio of 32.79, a P/E/G 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 quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data 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 firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This is a boost 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 payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMH. Barclays upped their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $40.33.

About American Homes 4 Rent

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.