Primecap Management Co. CA Sells 18,120 Shares of American Homes 4 Rent (NYSE:AMH)

Primecap Management Co. CA trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 289,440 shares of the real estate investment trust’s stock after selling 18,120 shares during the quarter. Primecap Management Co. CA owned about 0.08% of American Homes 4 Rent worth $10,831,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMH. Principal Financial Group Inc. grew its stake in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the period. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after purchasing an additional 214,242 shares during the period. FMR LLC grew its position in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares during the period. Charles Schwab Investment Management Inc. raised its stake in American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after buying an additional 110,022 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of American Homes 4 Rent by 5.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock valued at $136,373,000 after buying an additional 199,234 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $36.34 on Thursday. The business’s 50-day simple moving average is $35.41 and its two-hundred day simple moving average is $37.03. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The stock has a market cap of $13.45 billion, a PE ratio of 33.64, a P/E/G ratio of 3.56 and a beta of 0.77. 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 issued its 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 return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. As a group, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is 111.11%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMH. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reduced their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Scotiabank downgraded 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 report on Thursday, January 23rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.