New York Life Investment Management LLC Cuts Holdings in American Homes 4 Rent (NYSE:AMH)

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

Other large investors have also made changes to their positions in the company. National Pension Service purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth $30,000. Assetmark Inc. raised its position in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the period. UMB Bank n.a. raised its position in 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 valued at $52,000 after purchasing an additional 607 shares during the period. Catalyst Capital Advisors LLC purchased a new position in American Homes 4 Rent in the third quarter valued at about $53,000. Finally, Loomis Sayles & Co. L P raised its position in American Homes 4 Rent by 3,136.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,474 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.6 %

NYSE:AMH opened at $37.23 on Tuesday. The company has a market capitalization of $13.78 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The stock has a 50-day simple moving average of $35.64 and a 200 day simple moving average of $37.27. 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 (NYSE:AMH) last posted its quarterly earnings results 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. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Insider Buying and Selling

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred 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. The trade was a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Scotiabank lowered 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 report on Thursday, January 23rd. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Barclays cut their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Royal Bank of Canada dropped their target price 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. 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 stock. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus price target of $40.47.

American Homes 4 Rent Company 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.