Lazard Asset Management LLC Has $1.86 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Lazard Asset Management LLC lowered its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 28.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,665 shares of the real estate investment trust's stock after selling 20,110 shares during the quarter. Lazard Asset Management LLC's holdings in American Homes 4 Rent were worth $1,858,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of 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 valued at $1,681,984,000 after buying an additional 240,583 shares in the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 4th quarter valued at $822,019,000. Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 6.8% during the 4th 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. lifted its position in shares of American Homes 4 Rent by 5.3% during the 4th 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 position in shares of American Homes 4 Rent by 9.2% during the 4th 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 Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMH. Barclays increased their price objective on 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. Evercore ISI raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised 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 report on Tuesday, May 6th. Raymond James raised 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 report on Friday, May 9th. Finally, Mizuho decreased their target price on shares of 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.89.

American Homes 4 Rent Stock Up 0.1%

Shares of NYSE:AMH traded up $0.03 during trading on Friday, reaching $37.66. 1,314,367 shares of the company traded hands, compared to its average volume of 2,184,139. The firm has a fifty day simple moving average of $37.01 and a 200 day simple moving average of $36.55. The firm has a market cap of $13.94 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year 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.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. During the same period last year, the company earned $0.43 earnings per share. American Homes 4 Rent's quarterly revenue was up 8.4% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.19%. 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.