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

Qtron Investments LLC reduced its position in American Homes 4 Rent (NYSE:AMH) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,816 shares of the real estate investment trust’s stock after selling 3,798 shares during the period. Qtron Investments LLC’s holdings in American Homes 4 Rent were worth $554,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position 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 valued at $1,681,984,000 after purchasing an additional 240,583 shares during the period. Norges Bank acquired a new stake in American Homes 4 Rent in the 4th quarter worth about $822,019,000. Principal Financial Group Inc. boosted its stake in American Homes 4 Rent by 6.8% in the 4th 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after buying an additional 689,741 shares during the period. Finally, FMR LLC increased its stake in shares of American Homes 4 Rent by 9.2% during the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock valued at $336,157,000 after acquiring an additional 757,772 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMH. Barclays raised their target price 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. Raymond James decreased their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday. Mizuho dropped their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.14.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $35.17 on Friday. The business’s 50-day simple moving average is $35.82 and its 200 day simple moving average is $36.54. The company has a market cap of $13.02 billion, a P/E ratio of 32.57, a PEG ratio of 3.56 and a beta of 0.73. 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 one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The company 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%. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

American Homes 4 Rent Company 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.