Vinva Investment Management Ltd Lowers Stock Position in American Homes 4 Rent (NYSE:AMH)

Vinva Investment Management Ltd cut its position in shares of American Homes 4 Rent (NYSE:AMH) by 59.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,735 shares of the real estate investment trust’s stock after selling 15,941 shares during the period. Vinva Investment Management Ltd’s holdings in American Homes 4 Rent were worth $398,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AMH. Janus Henderson Group PLC boosted its holdings in American Homes 4 Rent by 2,150.3% during the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock worth $74,276,000 after buying an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in American Homes 4 Rent by 6.8% during 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 buying an additional 1,015,351 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in American Homes 4 Rent by 783.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after buying an additional 981,872 shares in the last quarter. FMR LLC boosted its holdings in American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after buying an additional 937,116 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in American Homes 4 Rent by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after buying an additional 248,729 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

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 stock has a market cap of $13.46 billion, a P/E ratio of 33.68, a PEG ratio of 3.56 and a beta of 0.77. The company has a 50-day moving average price of $35.44 and a 200 day moving average price of $37.00. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) 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 firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. Sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Ratings Changes

AMH has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Royal Bank of Canada reduced their price objective 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. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Mizuho reduced their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Finally, Barclays upped their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target 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.