New York Life Investment Management LLC Trims Stock Position in American Homes 4 Rent (NYSE:AMH)

New York Life Investment Management LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 54.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,632 shares of the real estate investment trust’s stock after selling 45,460 shares during the period. New York Life Investment Management LLC’s holdings in American Homes 4 Rent were worth $1,408,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Creative Planning raised its stake in shares of American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 330 shares in the last quarter. US Bancorp DE raised its stake in shares of American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 478 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of American Homes 4 Rent by 14.0% during the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 503 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of American Homes 4 Rent by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 596 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 607 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $37.23 on Tuesday. The business’s fifty day moving average price is $35.64 and its two-hundred day moving average price is $37.27. The stock has a market cap of $13.78 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. 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 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. On average, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Wall Street Analysts Forecast Growth

AMH has been the topic of a number of research reports. Scotiabank cut 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. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

Insider Transactions at American Homes 4 Rent

In other news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was 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 trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.32% of the company’s stock.

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.