American Homes 4 Rent (NYSE:AMH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 17.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 572,902 shares of the real estate investment trust’s stock after selling 122,436 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.16% of American Homes 4 Rent worth $21,438,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMH. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth $26,000. National Pension Service acquired a new stake in American Homes 4 Rent in the 4th quarter valued at $30,000. Jones Financial Companies Lllp raised its position in 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 valued at $41,000 after purchasing an additional 392 shares during the period. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 375 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 607 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. Barclays upped their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Mizuho dropped their target price on 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. Finally, Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.29.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $37.49 on Friday. 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 has a 12-month low of $34.01 and a 12-month high of $41.41. The business’s fifty day moving average price is $35.61 and its 200 day moving average price is $36.93. The stock has a market capitalization of $13.88 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million during 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 forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

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.