Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in American Homes 4 Rent (NYSE:AMH)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,914 shares of the real estate investment trust’s stock after selling 2,887 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Homes 4 Rent were worth $11,001,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. purchased a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $510,000. Bank of Nova Scotia grew its holdings in shares of American Homes 4 Rent by 18.1% during the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 1,183 shares during the period. Manning & Napier Group LLC grew its holdings in shares of American Homes 4 Rent by 59.2% during the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock worth $6,198,000 after acquiring an additional 64,131 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of American Homes 4 Rent by 2.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust’s stock worth $4,554,000 after acquiring an additional 3,736 shares during the period. Finally, FMR LLC grew its holdings in shares of American Homes 4 Rent by 3.7% during the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust’s stock worth $273,274,000 after acquiring an additional 287,245 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMH shares. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their target price for the stock from $34.00 to $41.00 in a report on Tuesday, January 2nd. BNP Paribas started coverage on American Homes 4 Rent in a report on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price on the stock. Mizuho upped their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Raymond James boosted their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.67.

American Homes 4 Rent Stock Performance

AMH stock opened at $35.28 on Friday. The stock has a market capitalization of $12.92 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.70. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $35.84 and its 200 day simple moving average is $35.38.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.95%. American Homes 4 Rent’s dividend payout ratio is 104.00%.

Insider Activity at American Homes 4 Rent

In related news, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now directly owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.