Worldquant Millennium Advisors LLC Sells 7,548 Shares of American Homes 4 Rent (NYSE:AMH)

Worldquant Millennium Advisors LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,359 shares of the real estate investment trust's stock after selling 7,548 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in American Homes 4 Rent were worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMH. Atria Investments Inc lifted its holdings in shares of American Homes 4 Rent by 0.4% during the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock worth $3,175,000 after purchasing an additional 316 shares during the period. Assetmark Inc. lifted its holdings in American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 375 shares during the period. Quadrant Capital Group LLC increased its position in shares of American Homes 4 Rent by 11.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after buying an additional 376 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after purchasing an additional 400 shares during the period. Hedge funds and other 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 American Homes 4 Rent 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 directly owns 99,214 shares of the company's stock, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The shares were bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 6.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMH shares. Raymond James increased their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods lifted their target price on 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. Barclays lifted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Scotiabank lifted their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and an average target price of $40.89.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded down $0.49 during midday trading on Wednesday, hitting $37.23. The company's stock had a trading volume of 725,930 shares, compared to its average volume of 2,186,190. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.56 and a beta of 0.78. The stock's 50 day simple moving average is $37.06 and its 200 day simple moving average is $36.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results 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 company had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. 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.