Davis Selected Advisers Reduces Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Davis Selected Advisers reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 216,670 shares of the real estate investment trust’s stock after selling 1,420 shares during the quarter. Davis Selected Advisers’ holdings in American Homes 4 Rent were worth $8,108,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMH. Atria Investments Inc increased 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 valued at $3,175,000 after acquiring an additional 316 shares in the last quarter. Assetmark Inc. grew its position in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 375 shares during the last quarter. Jones Financial Companies Lllp increased its stake in American Homes 4 Rent by 56.6% during 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 purchasing an additional 392 shares in the last quarter. State of Michigan Retirement System raised its holdings in American Homes 4 Rent by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after buying an additional 400 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 438 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMH has been the subject of several analyst reports. Barclays reduced their price target on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.47.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $36.22 on Friday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $35.60 and a 200 day moving average of $37.23.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.31%. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.32% of the company’s stock.

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.