American Homes 4 Rent (NYSE:AMH) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its position in American Homes 4 Rent (NYSE:AMH) by 25.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,740 shares of the real estate investment trust’s stock after selling 595 shares during the period. Farther Finance Advisors LLC’s holdings in American Homes 4 Rent were worth $65,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service purchased a new position in American Homes 4 Rent during the 4th quarter valued at about $30,000. Jones Financial Companies Lllp grew its position 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 valued at $41,000 after purchasing an additional 392 shares during the last quarter. UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares in the last quarter. Assetmark Inc. raised its position in shares of American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 375 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in 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 buying an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMH shares. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Royal Bank of Canada decreased their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 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 for the company. in a research report on Thursday, January 23rd. Finally, JMP Securities restated 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and a consensus price target of $40.29.

American Homes 4 Rent Stock Down 0.3 %

Shares of American Homes 4 Rent stock opened at $36.38 on Friday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $35.44 and a two-hundred day moving average price of $36.98. The stock has a market capitalization of $13.46 billion, a P/E ratio of 33.68, a PEG ratio of 3.56 and a beta of 0.77.

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, beating the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.30%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

American Homes 4 Rent Company 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.