American Homes 4 Rent (NYSE:AMH) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,034,872 shares of the real estate investment trust’s stock after selling 443,810 shares during the period. Nuveen Asset Management LLC owned about 1.09% of American Homes 4 Rent worth $150,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth about $26,000. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its holdings in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 392 shares during the last quarter. Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 37.1% in the fourth 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 last quarter. Finally, UMB Bank n.a. boosted its stake in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 2.3%

Shares of NYSE:AMH opened at $38.28 on Friday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The business has a 50-day moving average price of $36.68 and a 200 day moving average price of $36.46. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $459.28 million during the quarter, compared to analysts’ expectations of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. Sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.13%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at $281,040. The trade was a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Mizuho reduced their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, May 6th. Evercore ISI boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada lifted their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.86.

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.