First Trust Advisors LP Sells 78,447 Shares of American Homes 4 Rent (NYSE:AMH)

First Trust Advisors LP trimmed its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 38.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,302 shares of the real estate investment trust's stock after selling 78,447 shares during the period. First Trust Advisors LP's holdings in American Homes 4 Rent were worth $4,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in American Homes 4 Rent by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock valued at $1,681,984,000 after buying an additional 240,583 shares during the last quarter. Norges Bank bought a new stake in shares of American Homes 4 Rent in the fourth quarter worth $822,019,000. Principal Financial Group Inc. increased its position in American Homes 4 Rent by 6.8% during the fourth 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 acquiring an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, FMR LLC boosted its position in American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock worth $336,157,000 after purchasing an additional 757,772 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday. Raymond James cut their price target on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Barclays raised their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.21.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.43 during midday trading on Monday, reaching $38.88. 2,325,348 shares of the company were exchanged, compared to its average volume of 2,183,988. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14.39 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The business's fifty day moving average is $36.32 and its two-hundred day moving average is $36.43. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. During the same quarter last year, the business posted $0.43 earnings per share. The business's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. 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 3.09%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's dividend payout ratio is currently 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.