Bamco Inc. NY Has $26.56 Million Stake in American Homes 4 Rent (NYSE:AMH)

Bamco Inc. NY lowered its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 709,645 shares of the real estate investment trust's stock after selling 47,361 shares during the period. Bamco Inc. NY owned about 0.19% of American Homes 4 Rent worth $26,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock worth $1,681,984,000 after acquiring an additional 240,583 shares during the last quarter. Norges Bank purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $822,019,000. Principal Financial Group Inc. grew its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after purchasing an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. increased its position in American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, FMR LLC raised its stake in shares of American Homes 4 Rent by 9.2% during the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock worth $336,157,000 after purchasing an additional 757,772 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 0.1 %

Shares of AMH stock traded up $0.05 during trading hours on Wednesday, reaching $38.78. The company had a trading volume of 2,179,737 shares, compared to its average volume of 2,172,817. The company has a 50 day moving average of $36.48 and a 200 day moving average of $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. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The business's revenue was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

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

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 $281,040. This represents a 50.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at approximately $3,870,338.14. This trade represents a 29.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMH. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. JMP Securities reaffirmed a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, Barclays lifted their price objective on 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.36.

American Homes 4 Rent 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.