American Homes 4 Rent (NYSE:AMH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in American Homes 4 Rent (NYSE:AMH) by 17.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 572,902 shares of the real estate investment trust’s stock after selling 122,436 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in American Homes 4 Rent were worth $21,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Atria Investments Inc boosted its position 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 worth $3,175,000 after buying an additional 316 shares during the period. Assetmark Inc. boosted 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 worth $52,000 after acquiring an additional 375 shares during the period. Jones Financial Companies Lllp grew its stake in shares of American Homes 4 Rent by 56.6% in 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 in the last quarter. State of Michigan Retirement System increased its holdings in shares of American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock valued at $2,810,000 after purchasing an additional 400 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of American Homes 4 Rent by 14.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $37.49 on Friday. The company has a 50-day moving average of $35.61 and a two-hundred day moving average of $36.93. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41.

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 net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. On average, equities research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.20%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s payout ratio is presently 111.11%.

Analyst Ratings Changes

AMH has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a report on Thursday, January 23rd. Royal Bank of Canada cut their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Mizuho cut their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Hold” and an average price target of $40.29.

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.