Millennium Management LLC Has $69.57 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Millennium Management LLC boosted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 140.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,859,115 shares of the real estate investment trust's stock after buying an additional 1,086,835 shares during the period. Millennium Management LLC owned approximately 0.50% of American Homes 4 Rent worth $69,568,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in American Homes 4 Rent in the 4th quarter valued at $822,019,000. Invesco Ltd. lifted its position in American Homes 4 Rent by 186.2% in the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after purchasing an additional 4,094,177 shares during the period. Wellington Management Group LLP boosted its stake in American Homes 4 Rent by 96.2% during the fourth quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock worth $119,411,000 after buying an additional 1,564,994 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in American Homes 4 Rent by 185.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after buying an additional 1,291,865 shares during the period. Finally, Northern Trust Corp raised its stake in shares of American Homes 4 Rent by 40.1% in the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after buying an additional 1,198,471 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMH shares. Barclays boosted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Raymond James upped their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Scotiabank increased their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Evercore ISI lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.86.

American Homes 4 Rent Trading Up 0.2%

American Homes 4 Rent stock traded up $0.06 during trading hours on Monday, reaching $38.79. 999,466 shares of the company's stock traded hands, compared to its average volume of 2,181,129. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The firm's 50 day moving average is $36.74 and its 200-day moving average is $36.47.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same period in the prior year, the business posted $0.43 earnings per share. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.09%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Insider Activity 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 stock was purchased at an average price 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 of the company's stock, valued at approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently 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.