Allspring Global Investments Holdings LLC Cuts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,960 shares of the real estate investment trust's stock after selling 48,918 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of American Homes 4 Rent worth $11,821,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMH. Proficio Capital Partners LLC purchased a new stake in American Homes 4 Rent during the fourth quarter valued at about $775,000. Jones Financial Companies Lllp raised its stake in shares of American Homes 4 Rent by 56.6% during 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 acquiring an additional 392 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of American Homes 4 Rent by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 438 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after acquiring an additional 400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of American Homes 4 Rent by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after acquiring an additional 110,022 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 99,214 shares of the company's stock, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMH shares. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Mizuho lowered their price objective on shares of 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. Scotiabank upped their price objective 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 Financial upped their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and an average price target of $40.90.

American Homes 4 Rent Trading Up 1.2%

AMH stock traded up $0.44 during trading on Friday, reaching $35.88. The company had a trading volume of 1,235,726 shares, compared to its average volume of 2,221,487. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a market cap of $13.28 billion, a P/E ratio of 33.22, a PEG ratio of 3.70 and a beta of 0.74. The business has a 50 day moving average of $37.24 and a 200 day moving average of $36.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.41% and a return on equity of 5.45%. The company had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same period in the prior year, the firm earned $0.43 earnings per share. American Homes 4 Rent's revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent's dividend payout ratio is 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.