Sterling Capital Management LLC Sells 2,861 Shares of American Homes 4 Rent (NYSE:AMH)

Sterling Capital Management LLC lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 12.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,010 shares of the real estate investment trust’s stock after selling 2,861 shares during the period. Sterling Capital Management LLC’s holdings in American Homes 4 Rent were worth $749,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMH. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter worth $822,019,000. Invesco Ltd. raised its holdings in American Homes 4 Rent by 186.2% in the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust’s stock worth $235,476,000 after purchasing an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of American Homes 4 Rent by 96.2% during the fourth quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust’s stock valued at $119,411,000 after buying an additional 1,564,994 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 6.8% during 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 acquiring an additional 1,015,351 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in American Homes 4 Rent by 143.3% in the fourth quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust’s stock worth $54,138,000 after purchasing an additional 852,117 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMH. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a research report on Thursday, January 23rd. Mizuho dropped their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Barclays raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.14.

American Homes 4 Rent Trading Up 0.7 %

Shares of American Homes 4 Rent stock opened at $36.39 on Thursday. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market cap of $13.47 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The firm has a 50-day simple moving average of $35.86 and a two-hundred day simple moving average of $36.50.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is presently 111.11%.

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.