American Homes 4 Rent (NYSE:AMH) Stake Lessened by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC cut its position in shares of American Homes 4 Rent (NYSE:AMH) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 372,439 shares of the real estate investment trust’s stock after selling 11,671 shares during the period. American Homes 4 Rent accounts for 2.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 20th biggest position. 12th Street Asset Management Company LLC’s holdings in American Homes 4 Rent were worth $13,937,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new position in American Homes 4 Rent during the fourth quarter worth $30,000. Assetmark Inc. lifted its stake in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the last quarter. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 392 shares during the last quarter. UMB Bank n.a. lifted its stake in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in American Homes 4 Rent by 3,136.2% during the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,474 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Trading Down 1.1 %

NYSE:AMH opened at $34.60 on Friday. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 3.56 and a beta of 0.77. The business has a fifty day moving average of $35.48 and a 200-day moving average of $37.15. 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) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

AMH has been the topic of several research analyst reports. Mizuho reduced their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Barclays boosted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Scotiabank lowered shares of 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 note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

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.