Guggenheim Capital LLC Lowers Position in American Homes 4 Rent (NYSE:AMH)

Guggenheim Capital LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 89.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,007 shares of the real estate investment trust's stock after selling 236,149 shares during the quarter. Guggenheim Capital LLC's holdings in American Homes 4 Rent were worth $1,011,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $762,000. Tidal Investments LLC boosted its position in American Homes 4 Rent by 39.4% in the 3rd quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust's stock worth $632,000 after purchasing an additional 4,649 shares in the last quarter. Retirement Systems of Alabama boosted its position in American Homes 4 Rent by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust's stock worth $30,620,000 after purchasing an additional 15,931 shares in the last quarter. JPMorgan Chase & Co. boosted its position in American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock worth $503,503,000 after purchasing an additional 214,242 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in American Homes 4 Rent by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 503 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMH shares. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Barclays upped their target price 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 investment 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $40.14.

American Homes 4 Rent Trading Up 1.2 %

NYSE:AMH traded up $0.44 during trading hours on Monday, hitting $37.27. The company had a trading volume of 1,582,622 shares, compared to its average volume of 2,176,115. 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 company has a 50-day moving average of $36.11 and a 200 day moving average of $36.43. The company has a market cap of $13.79 billion, a P/E ratio of 34.51, a P/E/G ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41.

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 (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million during the quarter, compared to analysts' expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost 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 3.22%. 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.