Park Avenue Securities LLC Increases Stake in American Homes 4 Rent (NYSE:AMH)

Park Avenue Securities LLC grew its position in American Homes 4 Rent (NYSE:AMH) by 11.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,314 shares of the real estate investment trust’s stock after acquiring an additional 1,051 shares during the quarter. Park Avenue Securities LLC’s holdings in American Homes 4 Rent were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust’s stock worth $1,603,050,000 after acquiring an additional 179,219 shares in the last quarter. Norges Bank purchased a new position in American Homes 4 Rent during the fourth quarter worth about $789,947,000. Principal Financial Group Inc. grew its position in American Homes 4 Rent by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 17,007,767 shares of the real estate investment trust’s stock worth $611,599,000 after acquiring an additional 73,599 shares during the period. Cohen & Steers Inc. boosted its stake in American Homes 4 Rent by 41.0% during 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 period. Finally, Deutsche Bank AG increased its holdings in American Homes 4 Rent by 0.6% in the 3rd quarter. Deutsche Bank AG now owns 4,836,176 shares of the real estate investment trust’s stock valued at $162,931,000 after purchasing an additional 30,903 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMH has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Barclays reduced their target price 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. Raymond James upped their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.53.

American Homes 4 Rent Stock Up 1.1 %

Shares of AMH opened at $37.16 on Friday. The business’s fifty day moving average price is $36.06 and its two-hundred day moving average price is $35.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 3.09 and a beta of 0.72. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97.

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 the consensus estimate of $0.43 by ($0.13). The business had revenue of $423.56 million during the quarter, compared to analyst estimates of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. American Homes 4 Rent’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, June 14th. American Homes 4 Rent’s payout ratio is presently 106.12%.

Insider Transactions at American Homes 4 Rent

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

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.