Deutsche Bank AG Cuts Holdings in American Homes 4 Rent (NYSE:AMH)

Deutsche Bank AG lowered its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 70.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 705,267 shares of the real estate investment trust's stock after selling 1,697,960 shares during the period. Deutsche Bank AG owned about 0.19% of American Homes 4 Rent worth $26,391,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 0.5% during the fourth 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 acquiring an additional 240,583 shares during the last quarter. Norges Bank bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at $822,019,000. Principal Financial Group Inc. raised its stake in shares of 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. raised its stake in shares of 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 raised its stake in shares of American Homes 4 Rent by 9.2% during 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 last quarter. Institutional investors own 91.87% of the company's stock.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMH shares. Scotiabank raised their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Raymond James lifted their target price on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.86.

American Homes 4 Rent Stock Up 1.2%

AMH traded up $0.44 during midday trading on Friday, hitting $38.73. The company had a trading volume of 1,620,523 shares, compared to its average volume of 2,185,875. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 3.56 and a beta of 0.78. The stock's 50 day moving average price is $36.74 and its 200 day moving average price is $36.46.

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 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. On average, 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

American Homes 4 Rent Company 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.