American Homes 4 Rent (NYSE:AMH) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 355,071 shares of the real estate investment trust's stock after selling 264,997 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of American Homes 4 Rent worth $13,425,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC grew its holdings in American Homes 4 Rent by 23.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,417 shares of the real estate investment trust's stock worth $278,000 after buying an additional 1,385 shares in the last quarter. DnB Asset Management AS boosted its position in shares of American Homes 4 Rent by 7.2% in the fourth quarter. DnB Asset Management AS now owns 57,372 shares of the real estate investment trust's stock valued at $2,147,000 after acquiring an additional 3,847 shares during the period. Allstate Corp purchased a new position in shares of American Homes 4 Rent during the fourth quarter worth about $371,000. Schroder Investment Management Group grew its position in American Homes 4 Rent by 25.9% in the fourth quarter. Schroder Investment Management Group now owns 1,508,704 shares of the real estate investment trust's stock worth $55,882,000 after acquiring an additional 310,725 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of American Homes 4 Rent by 143.3% during the 4th quarter. California Public Employees Retirement System now owns 1,446,754 shares of the real estate investment trust's stock valued at $54,138,000 after buying an additional 852,117 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH stock traded up $0.47 during mid-day trading on Friday, reaching $35.16. The company's stock had a trading volume of 5,176,548 shares, compared to its average volume of 2,012,726. 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 cap of $13.01 billion, a PE ratio of 31.68, a P/E/G ratio of 3.61 and a beta of 0.72. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. The company's 50 day moving average is $36.31 and its two-hundred day moving average is $36.26.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.61% and a net margin of 23.72%. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.30 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Insider Transactions at American Homes 4 Rent

In related 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 stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the transaction, the chief accounting officer directly owned 99,214 shares of the company's stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack E. Corrigan acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMH. 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. Keefe, Bruyette & Woods increased 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 report on Tuesday, May 6th. 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. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research report on Friday, June 6th. Finally, Evercore ISI boosted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.90.

American Homes 4 Rent 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.