American Homes 4 Rent (NYSE:AMH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of American Homes 4 Rent (NYSE:AMH) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 62,341 shares of the real estate investment trust’s stock after selling 710 shares during the period. Victory Capital Management Inc.’s holdings in American Homes 4 Rent were worth $2,333,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. National Pension Service purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $30,000. Assetmark Inc. lifted its stake in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in American Homes 4 Rent by 56.6% during the 4th 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 in the last quarter. UMB Bank n.a. increased 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 last quarter. Finally, Loomis Sayles & Co. L P raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.7 %

Shares of NYSE:AMH opened at $36.01 on Tuesday. 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 current ratio of 0.76 and a quick ratio of 0.58. The stock has a market cap of $13.33 billion, a P/E ratio of 33.34, a P/E/G ratio of 3.56 and a beta of 0.77. The firm has a fifty day moving average price of $35.40 and a 200 day moving average price of $37.06.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping 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 business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. Sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMH shares. Barclays boosted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $39.00 to $40.00 in a report on Friday, January 24th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Scotiabank lowered 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 research note on Thursday, January 23rd. Finally, Mizuho cut their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.