Corebridge Financial Inc. Sells 13,153 Shares of American Homes 4 Rent (NYSE:AMH)

Corebridge Financial Inc. trimmed its position in American Homes 4 Rent (NYSE:AMH) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 359,097 shares of the real estate investment trust’s stock after selling 13,153 shares during the quarter. Corebridge Financial Inc. owned about 0.10% of American Homes 4 Rent worth $13,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of AMH. Mountain Hill Investment Partners Corp. acquired a new position in American Homes 4 Rent during the 4th quarter worth $26,000. Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after purchasing an additional 240,583 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth about $4,344,000. American Century Companies Inc. boosted its stake in American Homes 4 Rent by 12.5% during the 4th quarter. American Century Companies Inc. now owns 879,193 shares of the real estate investment trust’s stock valued at $32,899,000 after purchasing an additional 97,765 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in American Homes 4 Rent by 40.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,886 shares of the real estate investment trust’s stock valued at $6,731,000 after buying an additional 51,471 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Down 0.5 %

Shares of NYSE:AMH opened at $36.92 on Wednesday. The company’s fifty day moving average is $35.51 and its 200-day moving average is $36.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The company has a market capitalization of $13.67 billion, a PE ratio of 34.19, a P/E/G ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. 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 annualized dividend and a yield of 3.25%. American Homes 4 Rent’s payout ratio is presently 111.11%.

Analyst Ratings Changes

A number of brokerages have recently commented on AMH. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. Royal Bank of Canada decreased their price target 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. 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. Finally, JMP Securities reissued a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.29.

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.