American Homes 4 Rent (NYSE:AMH) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,178,237 shares of the real estate investment trust's stock after buying an additional 159,954 shares during the period. Bank of America Corp DE owned 0.32% of American Homes 4 Rent worth $44,090,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. acquired a new position in American Homes 4 Rent during the fourth quarter worth approximately $26,000. National Pension Service purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its stake in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 392 shares during the last quarter. UMB Bank n.a. grew its stake in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 0.9%

Shares of AMH stock opened at $37.35 on Thursday. The business's fifty day moving average price is $36.63 and its 200 day moving average price is $36.46. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The firm has a market capitalization of $13.83 billion, a PE ratio of 34.58, a P/E/G ratio of 3.56 and a beta of 0.78. 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 posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Analysts Set New Price Targets

Several research analysts have weighed in on AMH shares. StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Mizuho lowered their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada lifted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Finally, Scotiabank lifted their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus price target of $40.86.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction on Monday, May 5th. The shares were bought at an average price of $23.42 per share, with a total value of $93,680.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company's stock in a transaction on 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 $3,870,338.14. This trade represents a 29.99% decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

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.

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