Securian Asset Management Inc. Reduces Position in American Homes 4 Rent (NYSE:AMH)

Securian Asset Management Inc. lowered its holdings in American Homes 4 Rent (NYSE:AMH) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,982 shares of the real estate investment trust’s stock after selling 484 shares during the period. Securian Asset Management Inc.’s holdings in American Homes 4 Rent were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMH. Janus Henderson Group PLC grew its position in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares during the period. Principal Financial Group Inc. grew its position in American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after acquiring an additional 1,015,351 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in American Homes 4 Rent by 783.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after acquiring an additional 981,872 shares during the period. FMR LLC grew its position in American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares during the period. Finally, KBC Group NV grew its position in American Homes 4 Rent by 553.0% during the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock valued at $14,543,000 after acquiring an additional 320,805 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMH shares. 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. Barclays boosted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JMP Securities restated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. Finally, Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. One 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, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $40.33.

American Homes 4 Rent Trading Up 2.2 %

Shares of NYSE AMH opened at $35.41 on Friday. The stock’s 50 day moving average price is $35.40 and its two-hundred day moving average price is $37.09. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The stock has a market capitalization of $13.11 billion, a P/E ratio of 32.79, a PEG ratio of 3.56 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. On average, analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.39%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

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.