Nuveen Asset Management LLC Sells 443,810 Shares of American Homes 4 Rent (NYSE:AMH)

Nuveen Asset Management LLC decreased its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,034,872 shares of the real estate investment trust's stock after selling 443,810 shares during the period. Nuveen Asset Management LLC owned 1.09% of American Homes 4 Rent worth $150,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMH. Mountain Hill Investment Partners Corp. bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $26,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at $30,000. Jones Financial Companies Lllp increased its holdings in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 392 shares during the period. UMB Bank n.a. boosted its stake in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after buying an additional 607 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 0.2%

Shares of American Homes 4 Rent stock traded up $0.06 during trading hours on Monday, hitting $38.79. 999,466 shares of the company's stock traded hands, compared to its average volume of 2,181,129. The company has a market cap of $14.36 billion, a PE ratio of 35.92, a PEG ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The stock has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $36.47. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The business had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMH. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Barclays increased their price target on 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. Mizuho cut their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, StockNews.com raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.86.

Insider Activity

In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. The trade was a 50.00% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by insiders.

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.