Alyeska Investment Group L.P. Purchases 1,291,865 Shares of American Homes 4 Rent (NYSE:AMH)

Alyeska Investment Group L.P. boosted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 185.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,989,260 shares of the real estate investment trust's stock after purchasing an additional 1,291,865 shares during the period. Alyeska Investment Group L.P. owned about 0.54% of American Homes 4 Rent worth $74,438,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc raised its holdings in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock valued at $3,175,000 after purchasing an additional 316 shares in the last quarter. Assetmark Inc. lifted its holdings in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares during the last quarter. Quadrant Capital Group LLC raised its position in American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 376 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were purchased at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at $281,040. The trade was a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at approximately $3,870,338.14. This represents a 29.99 % decrease in their position. The disclosure for this sale can be found here. 6.01% of the stock is owned by corporate insiders.

American Homes 4 Rent Price Performance

Shares of NYSE AMH traded down $0.16 during trading on Thursday, hitting $38.63. 690,412 shares of the company were exchanged, compared to its average volume of 2,167,086. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 3.56 and a beta of 0.78. The firm's fifty day moving average price is $36.48 and its 200 day moving average price is $36.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company's revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. On average, 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMH shares. Royal Bank of Canada lifted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday. Keefe, Bruyette & Woods boosted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Tuesday. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. StockNews.com upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, JMP Securities restated a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.36.

American Homes 4 Rent Company 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.