LPL Financial LLC Decreases Stake in American Homes 4 Rent (NYSE:AMH)

LPL Financial LLC lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,493 shares of the real estate investment trust's stock after selling 17,751 shares during the period. LPL Financial LLC's holdings in American Homes 4 Rent were worth $3,012,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes 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 valued at $598,232,000 after purchasing an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock valued at $503,503,000 after purchasing an additional 214,242 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $162,180,000 after purchasing an additional 110,022 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of American Homes 4 Rent by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust's stock valued at $110,701,000 after buying an additional 248,729 shares during the last quarter. Finally, PGGM Investments raised its position in American Homes 4 Rent by 7.3% in the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock worth $39,760,000 after buying an additional 71,890 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Trading Up 1.5 %

Shares of NYSE:AMH traded up $0.55 during trading hours on Thursday, hitting $36.90. 351,962 shares of the company's stock traded hands, compared to its average volume of 2,360,889. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The business has a fifty day moving average price of $35.86 and a 200-day moving average price of $36.50. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a market capitalization of $13.66 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. Equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current 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 issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMH shares. Mizuho cut their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Barclays upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.14.

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.