Zurcher Kantonalbank Zurich Cantonalbank Sells 16,144 Shares of American Homes 4 Rent (NYSE:AMH)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in American Homes 4 Rent (NYSE:AMH) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 620,068 shares of the real estate investment trust’s stock after selling 16,144 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Homes 4 Rent were worth $23,203,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after buying an additional 1,015,351 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of American Homes 4 Rent by 783.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after buying an additional 981,872 shares during the period. FMR LLC lifted its stake in shares of American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares during the period. Finally, KBC Group NV boosted its holdings in American Homes 4 Rent by 553.0% in the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock valued at $14,543,000 after acquiring an additional 320,805 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays dropped their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, January 23rd. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

American Homes 4 Rent Trading Down 1.0 %

NYSE:AMH opened at $35.64 on Wednesday. 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 50-day simple moving average is $35.57 and its 200-day simple moving average is $37.18. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The stock has a market capitalization of $13.19 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio is 111.11%.

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.