Deutsche Bank AG Trims Holdings in American Homes 4 Rent (NYSE:AMH)

Deutsche Bank AG decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 70.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 705,267 shares of the real estate investment trust’s stock after selling 1,697,960 shares during the quarter. Deutsche Bank AG’s holdings in American Homes 4 Rent were worth $26,391,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMH. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent during the 4th quarter worth approximately $26,000. National Pension Service acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth $30,000. Jones Financial Companies Lllp increased its stake in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 392 shares during the period. Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 37.1% in 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 during the period. Finally, UMB Bank n.a. grew its stake 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 worth $52,000 after purchasing an additional 607 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 0.9%

AMH opened at $37.35 on Thursday. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company’s 50 day simple moving average is $36.63 and its two-hundred day simple moving average is $36.46. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMH. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Scotiabank boosted their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Monday. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Evercore ISI lifted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Finally, Raymond James upped their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average target price of $40.86.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was bought at an average price of $23.42 per share, with a total value of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares in the company, valued at $281,040. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now owns 99,214 shares in the company, valued at $3,870,338.14. This represents a 29.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

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.