Los Angeles Capital Management LLC Purchases New Position in American Homes 4 Rent (NYSE:AMH)

Los Angeles Capital Management LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 155,272 shares of the real estate investment trust’s stock, valued at approximately $5,711,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC purchased a new position in shares of American Homes 4 Rent during the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 873 shares during the last quarter. Tobam grew its stake in shares of American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 921 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $44,000. Finally, Capital Analysts LLC raised its holdings in shares of American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 528 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Douglas N. Benham purchased 3,500 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the transaction, the director now directly owns 37,997 shares of the company’s stock, valued at $873,931. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Homes 4 Rent news, 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 price of $23.00 per share, for a total transaction of $80,500.00. Following the transaction, the director now owns 37,997 shares in the company, valued at approximately $873,931. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jack E. Corrigan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Down 0.2 %

NYSE:AMH opened at $36.05 on Friday. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The stock’s fifty day moving average price is $35.88 and its two-hundred day moving average price is $35.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $13.20 billion, a P/E ratio of 36.78, a P/E/G ratio of 3.04 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, analysts expect that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Friday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Analyst Ratings Changes

AMH has been the topic of several analyst reports. Barclays cut their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Scotiabank upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Mizuho lifted their price target on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.53.

American Homes 4 Rent Company 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.