Qtron Investments LLC Trims Stake in American Homes 4 Rent (NYSE:AMH)

Qtron Investments LLC cut its position in American Homes 4 Rent (NYSE:AMH) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,816 shares of the real estate investment trust’s stock after selling 3,798 shares during the quarter. Qtron Investments LLC’s holdings in American Homes 4 Rent were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMH. EverSource Wealth Advisors LLC grew its position in shares of American Homes 4 Rent by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after acquiring an additional 8,370 shares during the last quarter. Clearbridge Investments LLC boosted its stake in American Homes 4 Rent by 26.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock worth $105,597,000 after purchasing an additional 588,302 shares during the period. PGGM Investments grew its position in American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after purchasing an additional 71,890 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in American Homes 4 Rent by 2.6% in the fourth 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 purchasing an additional 110,022 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of American Homes 4 Rent by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust’s stock valued at $18,861,000 after buying an additional 22,310 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMH. JMP Securities reissued a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho dropped their target price on 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. Raymond James cut their price target on American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday. Royal Bank of Canada lowered their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. One 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’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and an average price target of $40.14.

American Homes 4 Rent Trading Up 2.4 %

Shares of AMH opened at $35.17 on Friday. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $13.02 billion, a P/E ratio of 32.57, a PEG ratio of 3.56 and a beta of 0.73. The firm’s 50-day moving average is $35.82 and its two-hundred day moving average is $36.54.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. On average, research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was 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%.

American Homes 4 Rent 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.