Amundi trimmed its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,860 shares of the real estate investment trust's stock after selling 42,986 shares during the quarter. Amundi owned 0.15% of American Homes 4 Rent worth $19,816,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AMH. Principal Financial Group Inc. increased its stake in 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 purchasing an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock worth $503,503,000 after acquiring an additional 214,242 shares in the last quarter. FMR LLC raised its holdings in shares of American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock worth $315,780,000 after acquiring an additional 937,116 shares during the period. Charles Schwab Investment Management Inc. lifted its position in American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after acquiring an additional 110,022 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in American Homes 4 Rent by 5.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust's stock valued at $136,373,000 after acquiring an additional 199,234 shares in the last quarter. 91.87% of the stock is owned by institutional investors.
Shares of AMH stock traded up $0.75 on Friday, reaching $35.41. The stock had a trading volume of 2,647,328 shares, compared to its average volume of 2,476,931. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. 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 has a market capitalization of $13.11 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 3.56 and a beta of 0.77. The firm's 50-day moving average is $35.44 and its two-hundred day moving average is $37.13.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. On average, research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent's payout ratio is currently 111.11%.
AMH has been the topic of several recent research reports. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Scotiabank cut 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 research note on Thursday, January 23rd. Finally, Mizuho cut their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.33.
View Our Latest Report on AMH
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.
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