American Homes 4 Rent (NYSE:AMH) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC decreased its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 88.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,976 shares of the real estate investment trust's stock after selling 145,147 shares during the quarter. Boothbay Fund Management LLC's holdings in American Homes 4 Rent were worth $710,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock worth $1,681,984,000 after purchasing an additional 240,583 shares during the last quarter. Norges Bank purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth $822,019,000. Principal Financial Group Inc. grew its holdings in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the period. JPMorgan Chase & Co. increased its position in American Homes 4 Rent by 5.3% during 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 last quarter. Finally, FMR LLC lifted its holdings 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 valued at $336,157,000 after acquiring an additional 757,772 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMH shares. Raymond James reduced their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. JMP Securities reissued a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank lowered shares of 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 report on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $40.07.

American Homes 4 Rent Stock Up 3.9 %

Shares of AMH traded up $1.49 during mid-day trading on Friday, hitting $39.38. 3,397,899 shares of the company traded hands, compared to its average volume of 2,183,420. The business has a 50 day moving average of $36.32 and a 200 day moving average of $36.44. The company has a market capitalization of $14.58 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. 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 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 released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS 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. Investors of record on Friday, March 14th were paid a $0.30 dividend. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent's payout ratio is currently 111.11%.

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.