American Homes 4 Rent (NYSE:AMH) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of American Homes 4 Rent (NYSE:AMH) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,545 shares of the real estate investment trust’s stock after selling 1,253 shares during the period. Pictet Asset Management Holding SA’s holdings in American Homes 4 Rent were worth $8,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMH. Nomura Asset Management Co. Ltd. boosted its holdings in American Homes 4 Rent by 4.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust’s stock valued at $18,861,000 after acquiring an additional 22,310 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in shares of American Homes 4 Rent by 17.3% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 4,166,956 shares of the real estate investment trust’s stock valued at $155,927,000 after purchasing an additional 614,655 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $12,926,000. Easterly Investment Partners LLC increased its stake in American Homes 4 Rent by 3.7% during the 4th quarter. Easterly Investment Partners LLC now owns 492,889 shares of the real estate investment trust’s stock worth $18,444,000 after buying an additional 17,675 shares during the period. Finally, Norges Bank acquired a new stake in American Homes 4 Rent during the 4th quarter worth approximately $822,019,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $37.89 on Thursday. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.56 and a beta of 0.77. The stock’s 50-day moving average is $35.82 and its two-hundred day moving average is $36.84.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.17%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMH. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank cut shares of 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. Finally, Barclays increased their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.23.

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.