AXA S.A. increased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 538,101 shares of the real estate investment trust's stock after buying an additional 51,215 shares during the period. AXA S.A. owned about 0.15% of American Homes 4 Rent worth $20,136,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in American Homes 4 Rent by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after buying an additional 8,370 shares in the last quarter. Clearbridge Investments LLC increased its stake in American Homes 4 Rent by 26.3% in the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after buying an additional 588,302 shares during the period. PGGM Investments raised its holdings in shares of American Homes 4 Rent by 7.3% during the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock worth $39,760,000 after acquiring an additional 71,890 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after buying an additional 110,022 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of American Homes 4 Rent by 4.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust's stock worth $18,861,000 after purchasing an additional 22,310 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other American Homes 4 Rent 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 stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack E. Corrigan acquired 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were bought at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now owns 12,000 shares in the company, valued at approximately $281,040. This represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.01% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Evercore ISI upped their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research report on Tuesday. Finally, Raymond James upped their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $40.64.
Get Our Latest Stock Report on American Homes 4 Rent
American Homes 4 Rent Trading Up 0.9 %
NYSE AMH traded up $0.34 during trading on Friday, reaching $38.70. 1,184,252 shares of the stock traded hands, compared to its average volume of 2,169,787. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock's 50-day moving average price is $36.50 and its 200 day moving average price is $36.47. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) 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 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 for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.
American Homes 4 Rent Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is 111.11%.
About American Homes 4 Rent
(
Free Report)
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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