Ameriprise Financial Inc. Raises Stake in American Homes 4 Rent (NYSE:AMH)

Ameriprise Financial Inc. grew its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,162 shares of the real estate investment trust's stock after purchasing an additional 6,787 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.17% of American Homes 4 Rent worth $23,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMH. 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 worth $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in American Homes 4 Rent by 20.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 123,846 shares of the real estate investment trust's stock worth $4,634,000 after acquiring an additional 21,310 shares in the last quarter. AXA S.A. increased its holdings in American Homes 4 Rent by 10.5% in the 4th quarter. AXA S.A. now owns 538,101 shares of the real estate investment trust's stock worth $20,136,000 after acquiring an additional 51,215 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in American Homes 4 Rent by 104.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,851 shares of the real estate investment trust's stock worth $1,267,000 after acquiring an additional 17,254 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in American Homes 4 Rent in the 4th quarter worth $4,038,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Homes 4 Rent

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 99,214 shares of the company's stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan acquired 4,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the acquisition, the director now owns 12,000 shares of the company's stock, valued at $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Trading Up 1.2%

AMH stock traded up $0.44 during mid-day trading on Friday, hitting $38.73. 1,620,523 shares of the company were exchanged, compared to its average volume of 2,185,875. 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 firm has a market capitalization of $14.34 billion, a P/E ratio of 35.86, a PEG ratio of 3.56 and a beta of 0.78. The business has a fifty day simple moving average of $36.74 and a 200-day simple moving average of $36.46. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41.

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 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

AMH has been the subject of several recent analyst reports. Scotiabank boosted their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Royal Bank of Canada lifted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Barclays lifted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.86.

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.