59 North Capital Management LP Sells 17,169 Shares of American Homes 4 Rent (NYSE:AMH)

59 North Capital Management LP reduced its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,427,193 shares of the real estate investment trust's stock after selling 17,169 shares during the period. American Homes 4 Rent accounts for approximately 4.2% of 59 North Capital Management LP's portfolio, making the stock its 11th biggest holding. 59 North Capital Management LP owned 0.66% of American Homes 4 Rent worth $90,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in American Homes 4 Rent by 104.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,851 shares of the real estate investment trust's stock worth $1,267,000 after purchasing an additional 17,254 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth $4,038,000. AQR Capital Management LLC grew its stake in American Homes 4 Rent by 120.6% in the 4th quarter. AQR Capital Management LLC now owns 148,563 shares of the real estate investment trust's stock valued at $5,527,000 after buying an additional 81,218 shares during the last quarter. Masterton Capital Management LP raised its holdings in American Homes 4 Rent by 310.5% in the 4th quarter. Masterton Capital Management LP now owns 321,982 shares of the real estate investment trust's stock worth $12,049,000 after acquiring an additional 243,548 shares during the period. Finally, Northern Trust Corp lifted its position in American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after acquiring an additional 1,198,471 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 1.2 %

Shares of AMH stock opened at $37.84 on Friday. The company has a market capitalization of $14.01 billion, a P/E ratio of 35.04, a P/E/G ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 12-month low of $31.68 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 50-day moving average price of $36.24 and a 200 day moving average price of $36.44.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same period in the previous year, the business earned $0.43 EPS. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. Research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. American Homes 4 Rent's payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JMP Securities reissued a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. 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. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Barclays increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Finally, Mizuho decreased 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. One 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 MarketBeat, American Homes 4 Rent currently has a consensus rating of "Hold" and a consensus price target of $40.14.

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.

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