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

BROOKFIELD Corp ON decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMH. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $822,019,000. Invesco Ltd. raised its stake in American Homes 4 Rent by 186.2% during the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after acquiring an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of American Homes 4 Rent by 96.2% in the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock valued at $119,411,000 after purchasing an additional 1,564,994 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of American Homes 4 Rent by 185.2% during 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 purchasing an additional 1,291,865 shares during the last quarter. Finally, Northern Trust Corp increased its position in American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after purchasing 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

A number of brokerages have recently commented on AMH. Evercore ISI increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $39.00 to $40.00 in a report on Friday, January 24th. Barclays raised their price target 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. JMP Securities reissued a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, StockNews.com raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.64.

American Homes 4 Rent Stock Up 0.9 %

Shares of AMH traded up $0.34 during trading hours on Friday, reaching $38.70. The stock had a trading volume of 1,184,252 shares, compared to its average volume of 2,174,513. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 3.56 and a beta of 0.78. The firm has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $36.46. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. 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 released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The business 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 quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend 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 currently 111.11%.

Insider Buying and Selling

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company'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 of the company's stock, valued at $3,870,338.14. This represents a 29.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This trade represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. 6.01% of the stock is owned by corporate insiders.

American Homes 4 Rent Company 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.