Voya Investment Management LLC Sells 7,035 Shares of American Homes 4 Rent (NYSE:AMH)

Voya Investment Management LLC lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,203 shares of the real estate investment trust's stock after selling 7,035 shares during the quarter. Voya Investment Management LLC owned about 0.10% of American Homes 4 Rent worth $14,302,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMH. Mountain Hill Investment Partners Corp. bought a new stake in American Homes 4 Rent during the 4th quarter worth approximately $26,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth $30,000. Jones Financial Companies Lllp grew its position in 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 worth $41,000 after buying an additional 392 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 607 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of 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 worth $52,000 after purchasing an additional 375 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a research report on Thursday, January 23rd. Barclays upped their price objective on shares of 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. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Raymond James lowered their price target on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada decreased their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of "Hold" and a consensus target price of $40.14.

American Homes 4 Rent Stock Up 1.2 %

AMH traded up $0.45 on Thursday, hitting $37.84. The company had a trading volume of 2,740,429 shares, compared to its average volume of 2,179,663. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The stock has a fifty day simple moving average of $36.18 and a 200-day simple moving average of $36.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market capitalization of $14.01 billion, a P/E ratio of 35.04, a P/E/G ratio of 3.56 and a beta of 0.73.

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, beating analysts' consensus estimates 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%. As a group, equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

About American Homes 4 Rent

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.