Swiss National Bank Sells 28,800 Shares of American Homes 4 Rent (NYSE:AMH)

Swiss National Bank reduced its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,017,017 shares of the real estate investment trust's stock after selling 28,800 shares during the period. Swiss National Bank owned about 0.28% of American Homes 4 Rent worth $36,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of American Homes 4 Rent by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust's stock valued at $1,495,819,000 after buying an additional 1,011,707 shares during the period. Principal Financial Group Inc. increased its holdings in shares of American Homes 4 Rent by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust's stock valued at $570,509,000 after purchasing an additional 47,729 shares in the last quarter. FMR LLC grew its position in American Homes 4 Rent by 3.7% during the third quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust's stock valued at $273,274,000 after buying an additional 287,245 shares during the period. Deutsche Bank AG increased its holdings in American Homes 4 Rent by 0.6% in the third quarter. Deutsche Bank AG now owns 4,836,176 shares of the real estate investment trust's stock valued at $162,931,000 after buying an additional 30,903 shares in the last quarter. Finally, Resolution Capital Ltd boosted its stake in shares of American Homes 4 Rent by 4.8% during the 3rd quarter. Resolution Capital Ltd now owns 4,616,552 shares of the real estate investment trust's stock worth $155,532,000 after acquiring an additional 212,758 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AMH. Raymond James increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Mizuho upped their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $39.00 target price on shares of American Homes 4 Rent in a research report on Monday, February 26th. Citigroup upgraded shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and upped their price target for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.67.

Insider Activity

In other news, Director Matthew J. Hart sold 7,263 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the transaction, the director now directly owns 41,336 shares in the company, valued at $1,519,511.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now owns 41,336 shares of the company's stock, valued at $1,519,511.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack E. Corrigan acquired 10,000 shares of the company's stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $22.78 per share, with a total value of $227,800.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $227,800. The disclosure for this purchase can be found here. In the last three months, insiders have sold 60,263 shares of company stock valued at $2,212,078. Company insiders own 6.05% of the company's stock.

American Homes 4 Rent Trading Down 0.8 %

Shares of American Homes 4 Rent stock traded down $0.30 during mid-day trading on Wednesday, hitting $36.18. The stock had a trading volume of 1,326,827 shares, compared to its average volume of 3,295,213. The firm has a market cap of $13.24 billion, a P/E ratio of 36.91, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $36.12 and a two-hundred day moving average of $35.54. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The business had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. American Homes 4 Rent's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.73 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.22. American Homes 4 Rent's dividend payout ratio (DPR) is 106.12%.

American Homes 4 Rent Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.