American Homes 4 Rent (NYSE:AMH) Holdings Decreased by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,604 shares of the real estate investment trust’s stock after selling 572 shares during the period. Park Avenue Securities LLC’s holdings in American Homes 4 Rent were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMH. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. grew its position in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares in the last quarter. Assetmark Inc. increased its stake in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares during the period. V Square Quantitative Management LLC lifted its position in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 275 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $53,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMH. Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Barclays cut their price target on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned 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 $40.67.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now directly 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.

American Homes 4 Rent Stock Performance

AMH opened at $34.60 on Friday. The stock’s 50 day simple moving average is $36.78 and its 200-day simple moving average is $37.55. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market cap of $12.78 billion, a PE ratio of 36.04, a P/E/G ratio of 2.93 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

About American Homes 4 Rent

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.