American Homes 4 Rent (NYSE:AMH) Position Reduced by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,668,447 shares of the real estate investment trust’s stock after selling 21,801 shares during the period. Geode Capital Management LLC owned about 1.80% of American Homes 4 Rent worth $249,150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMH. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent during the fourth quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of American Homes 4 Rent during the 4th quarter valued at $30,000. Jones Financial Companies Lllp increased its stake 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 last quarter. Assetmark Inc. raised its holdings in shares of American Homes 4 Rent by 37.1% during 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 in the last quarter. Finally, UMB Bank n.a. boosted its position in American Homes 4 Rent by 77.2% during the fourth 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 last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.47 on Friday. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.56 and a beta of 0.77. The business has a 50 day moving average price of $35.89 and a 200 day moving average price of $36.78. 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 has a twelve month low of $34.01 and a twelve 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 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. Research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued 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 was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. American Homes 4 Rent’s payout ratio is presently 111.11%.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of recent research reports. Royal Bank of Canada cut their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Mizuho lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Hold” and a consensus target price of $40.23.

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.