BI Asset Management Fondsmaeglerselskab A S Lowers Position in American Homes 4 Rent (NYSE:AMH)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 86.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,029 shares of the real estate investment trust’s stock after selling 59,349 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Homes 4 Rent were worth $338,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the 4th quarter worth $26,000. National Pension Service bought a new stake in American Homes 4 Rent during the fourth quarter worth about $30,000. Jones Financial Companies Lllp boosted its holdings in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares in the last quarter. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 375 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $36.95 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $36.05 and its 200 day simple moving average is $36.45. The stock has a market cap of $13.68 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $442.02 million. As a group, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. American Homes 4 Rent’s payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

Several research firms have commented on AMH. 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 note on Monday, February 24th. Mizuho decreased their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $39.00 to $40.00 in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Hold” and a consensus target price of $40.14.

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.