BROOKFIELD Corp ON Sells 21,525 Shares of American Homes 4 Rent (NYSE:AMH)

BROOKFIELD Corp ON lowered its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,259 shares of the real estate investment trust's stock after selling 21,525 shares during the period. BROOKFIELD Corp ON owned about 0.12% of American Homes 4 Rent worth $16,924,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMH. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent in the fourth quarter worth $26,000. National Pension Service purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth about $30,000. Jones Financial Companies Lllp boosted its holdings 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 worth $41,000 after buying an additional 392 shares during the last quarter. Assetmark Inc. increased its holdings in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares during the last quarter. Finally, UMB Bank n.a. raised its position in American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 607 shares during the period. 91.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the 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 of the company's stock, valued at $3,870,338.14. This represents a 29.99 % decrease in their position. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of recent research reports. Scotiabank downgraded 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 report on Thursday, January 23rd. Mizuho lowered their price objective 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 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. Raymond James upped their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods lifted their price target 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. Seven 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 currently has a consensus rating of "Moderate Buy" and an average target price of $40.64.

American Homes 4 Rent Price Performance

NYSE AMH traded up $0.34 during trading hours on Friday, reaching $38.70. 1,184,252 shares of the stock traded hands, compared to its average volume of 2,171,813. The company 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. The stock has a 50 day simple moving average of $36.55 and a two-hundred day simple moving average of $36.47. 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 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 issued its 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. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $459.28 million for the quarter, compared to analysts' expectations of $449.00 million. During the same quarter last year, the business earned $0.43 earnings per share. The business's revenue was up 8.4% on a year-over-year basis. On average, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

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.