20,702 Shares in American Homes 4 Rent (NYSE:AMH) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,702 shares of the real estate investment trust’s stock, valued at approximately $775,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCW Group Inc. acquired a new position in American Homes 4 Rent during the third quarter worth $962,000. Bank of New York Mellon Corp lifted its position in shares of American Homes 4 Rent by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock valued at $110,701,000 after acquiring an additional 248,729 shares in the last quarter. Swedbank AB lifted its position in shares of American Homes 4 Rent by 25.0% in the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after acquiring an additional 100,000 shares in the last quarter. JPMorgan Chase & Co. lifted its position in American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after buying an additional 214,242 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in American Homes 4 Rent during the third quarter worth about $1,456,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

AMH has been the topic of several recent analyst reports. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

Insider Buying and Selling

In related news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $36.22 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $35.59 and a two-hundred day moving average price of $37.21. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. The firm has a market cap of $13.41 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

American Homes 4 Rent Profile

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.