American Homes 4 Rent (NYSE:AMH) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 19.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,971 shares of the real estate investment trust’s stock after selling 2,377 shares during the quarter. First Hawaiian Bank’s holdings in American Homes 4 Rent were worth $367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of American Homes 4 Rent in 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 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after buying an additional 2,575,854 shares during the period. Balyasny Asset Management L.P. grew its position in shares of 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 buying an additional 1,679,846 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $127,263,000 after buying an additional 1,574,295 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 2.3% during the third quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock worth $1,495,819,000 after buying an additional 1,011,707 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Activity

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

American Homes 4 Rent Price Performance

Shares of AMH opened at $36.35 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $37.97. The firm has a 50-day simple moving average of $35.90 and a 200-day simple moving average of $35.80. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.86%. 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

A number of brokerages have commented on AMH. Mizuho increased their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Barclays cut 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 note on Wednesday, May 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, Scotiabank upped their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.