Captrust Financial Advisors grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 58.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,174 shares of the real estate investment trust's stock after purchasing an additional 7,402 shares during the quarter. Captrust Financial Advisors' holdings in American Homes 4 Rent were worth $755,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Balyasny Asset Management L.P. grew its stake in American Homes 4 Rent by 15.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 973,205 shares of the real estate investment trust's stock valued at $36,417,000 after buying an additional 129,844 shares in the last quarter. Bank of America Corp DE raised its stake in shares of American Homes 4 Rent by 15.7% during the 4th quarter. Bank of America Corp DE now owns 1,178,237 shares of the real estate investment trust's stock valued at $44,090,000 after purchasing an additional 159,954 shares during the period. Ameriprise Financial Inc. lifted its holdings in American Homes 4 Rent by 1.1% during the 4th quarter. Ameriprise Financial Inc. now owns 618,162 shares of the real estate investment trust's stock worth $23,132,000 after purchasing an additional 6,787 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in 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 buying an additional 1,291,865 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in American Homes 4 Rent by 20.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 123,846 shares of the real estate investment trust's stock valued at $4,634,000 after buying an additional 21,310 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Raymond James lifted their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Scotiabank boosted their price objective on 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. Finally, Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.86.
View Our Latest Stock Report on American Homes 4 Rent
American Homes 4 Rent Trading Down 0.5%
AMH stock traded down $0.18 during trading on Tuesday, hitting $38.60. 1,487,720 shares of the company traded hands, compared to its average volume of 2,178,367. The company has a 50-day moving average of $36.81 and a 200-day moving average of $36.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a market capitalization of $14.29 billion, a PE ratio of 35.74, a P/E/G ratio of 3.56 and a beta of 0.78.
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. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's payout ratio is 111.11%.
Insider Activity
In other news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was purchased at an average price of $23.42 per share, with a total value of $93,680.00. Following the transaction, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. The trade was a 50.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction 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 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. Insiders own 6.32% of the company's stock.
American Homes 4 Rent Company Profile
(
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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