Cresset Asset Management LLC Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Cresset Asset Management LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,809 shares of the real estate investment trust's stock, valued at approximately $442,000.

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

American Homes 4 Rent Price Performance

AMH traded up $0.06 on Monday, reaching $38.79. The stock had a trading volume of 999,466 shares, compared to its average volume of 2,181,129. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The firm has a 50-day moving average of $36.74 and a 200-day moving average of $36.47.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company 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 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Insider Buying and Selling

In related news, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average cost 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 approximately $281,040. The trade was a 50.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares of the company's stock, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Evercore ISI lifted 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 research report on Friday, May 2nd. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Mizuho dropped their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Finally, StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus price target of $40.86.

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.