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

Primecap Management Co. CA lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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’s holdings in American Homes 4 Rent were worth $10,831,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in American Homes 4 Rent by 1.2% in the third quarter. Natixis Advisors LLC now owns 88,650 shares of the real estate investment trust’s stock worth $3,403,000 after purchasing an additional 1,031 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of American Homes 4 Rent by 49.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 132,098 shares of the real estate investment trust’s stock worth $5,071,000 after buying an additional 43,417 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of American Homes 4 Rent in the 3rd quarter worth about $306,000. Advisors Asset Management Inc. raised its position in shares of American Homes 4 Rent by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 596 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 0.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 187,714 shares of the real estate investment trust’s stock valued at $7,206,000 after acquiring an additional 1,678 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.5 %

Shares of NYSE:AMH opened at $36.34 on Thursday. The business’s 50 day moving average is $35.41 and its 200 day moving average is $37.03. The stock has a market cap of $13.45 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week 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.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for 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%. Sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

AMH has been the topic of several analyst reports. Royal Bank of Canada reduced their price objective on 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. Mizuho decreased their price target 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. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and an average target price of $40.33.

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.