American Homes 4 Rent (NYSE:AMH) Shares Sold by Cohen & Steers Inc.

Cohen & Steers Inc. trimmed its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,835,213 shares of the real estate investment trust's stock after selling 860,775 shares during the period. Cohen & Steers Inc. owned approximately 2.12% of American Homes 4 Rent worth $293,143,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the third quarter valued at about $213,000. XTX Topco Ltd acquired a new position in American Homes 4 Rent during the 3rd quarter worth approximately $348,000. Orion Portfolio Solutions LLC acquired a new position in American Homes 4 Rent in the 3rd quarter worth about $232,000. Toronto Dominion Bank raised its holdings in American Homes 4 Rent by 31.4% in the 3rd quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust's stock valued at $1,590,000 after buying an additional 9,899 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at about $762,000. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded up $0.51 on Friday, hitting $36.86. 1,493,523 shares of the company were exchanged, compared to its average volume of 2,197,750. The stock's 50 day moving average price is $35.93 and its 200 day moving average price is $36.48. 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 firm has a market capitalization of $13.64 billion, a P/E ratio of 34.13, a price-to-earnings-growth 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 quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analysts' expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.26%. 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. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Analyst Ratings Changes

Several analysts have recently commented on AMH shares. Raymond James reduced their target price on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley upgraded shares of 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 research report on Friday, January 24th. Mizuho lowered their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. JMP Securities reiterated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Barclays boosted 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 research report on Wednesday, March 12th. One research 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 presently has a consensus rating of "Hold" and an average target price 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.