GAMMA Investing LLC Acquires 503 Shares of American Homes 4 Rent (NYSE:AMH)

GAMMA Investing LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,091 shares of the real estate investment trust’s stock after acquiring an additional 503 shares during the period. GAMMA Investing LLC’s holdings in American Homes 4 Rent were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. TCW Group Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $962,000. Marshall Wace LLP bought a new position in American Homes 4 Rent in the second quarter valued at approximately $17,367,000. Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent in the third quarter valued at approximately $53,000. Bank of Montreal Can boosted its holdings in shares of American Homes 4 Rent by 6.6% in the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock valued at $11,437,000 after buying an additional 19,143 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of American Homes 4 Rent during the third quarter worth $1,456,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMH shares. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Mizuho upped their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Barclays assumed coverage on American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $41.40.

Insider Buying and Selling

In other news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent 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 directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.05% of the stock is owned by insiders.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $36.13 on Thursday. The firm has a market capitalization of $13.35 billion, a P/E ratio of 37.64, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. 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 firm’s fifty day moving average price is $37.13 and its two-hundred day moving average price is $37.71. 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 issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same period in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

American Homes 4 Rent 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.