American Homes 4 Rent (NYSE:AMH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in American Homes 4 Rent (NYSE:AMH) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,578,702 shares of the real estate investment trust’s stock after purchasing an additional 179,219 shares during the period. Vanguard Group Inc. owned approximately 12.18% of American Homes 4 Rent worth $1,603,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMH. Norges Bank acquired a new position in American Homes 4 Rent during the fourth quarter valued at $789,947,000. Cohen & Steers Inc. boosted its stake in shares of American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after buying an additional 2,575,854 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in American Homes 4 Rent by 180.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after acquiring an additional 1,679,846 shares during the period. Goldman Sachs Group Inc. raised its position in American Homes 4 Rent by 80.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock valued at $127,263,000 after acquiring an additional 1,574,295 shares in the last quarter. Finally, 59 North Capital Management LP lifted its holdings in American Homes 4 Rent by 53.8% in the third quarter. 59 North Capital Management LP now owns 2,300,256 shares of the real estate investment trust’s stock valued at $77,496,000 after acquiring an additional 804,235 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jack E. Corrigan bought 10,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $22.78 per share, with a total value of $227,800.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $227,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now owns 37,997 shares in the company, valued at $873,931. The disclosure for this purchase can be found here. Insiders own 6.05% of the company’s stock.

American Homes 4 Rent Trading Up 1.4 %

Shares of AMH opened at $36.13 on Thursday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The stock has a market cap of $13.24 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 3.00 and a beta of 0.72. The firm’s fifty day moving average is $35.88 and its two-hundred day moving average is $35.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The business had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Research analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Raymond James upped their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods raised their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, May 13th. Scotiabank lifted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Finally, Barclays lowered their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.53.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.