American Assets Capital Advisers LLC Trims Stock Holdings in American Homes 4 Rent (NYSE:AMH)

American Assets Capital Advisers LLC trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,629 shares of the real estate investment trust’s stock after selling 11,522 shares during the quarter. American Homes 4 Rent makes up about 0.9% of American Assets Capital Advisers LLC’s holdings, making the stock its 26th biggest position. American Assets Capital Advisers LLC’s holdings in American Homes 4 Rent were worth $2,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Corient Private Wealth LLC increased its stake in American Homes 4 Rent by 28.2% in the fourth quarter. Corient Private Wealth LLC now owns 10,606 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 2,331 shares during the period. Natixis Advisors LLC increased its position in American Homes 4 Rent by 9.9% in the 4th quarter. Natixis Advisors LLC now owns 97,398 shares of the real estate investment trust’s stock valued at $3,645,000 after acquiring an additional 8,748 shares during the period. PGGM Investments raised its stake in American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock valued at $39,760,000 after acquiring an additional 71,890 shares during the last quarter. Vestcor Inc lifted its position in American Homes 4 Rent by 43.9% during the 4th quarter. Vestcor Inc now owns 170,723 shares of the real estate investment trust’s stock worth $6,388,000 after acquiring an additional 52,095 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in shares of American Homes 4 Rent by 5.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 34,604 shares of the real estate investment trust’s stock valued at $1,295,000 after purchasing an additional 1,691 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 2.2 %

NYSE:AMH opened at $35.41 on Friday. The company has a market capitalization of $13.11 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The stock has a fifty day simple moving average of $35.40 and a 200-day simple moving average of $37.09. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

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 (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 for the quarter, compared to the consensus estimate of $442.02 million. On average, equities research 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 business 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 dividend of $0.30 per share. This is an increase 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 yield of 3.39%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMH shares. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. JMP Securities reissued a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Scotiabank lowered 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. Finally, Barclays boosted 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.