Ensign Peak Advisors Inc Boosts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Ensign Peak Advisors Inc increased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,556 shares of the real estate investment trust's stock after acquiring an additional 35,609 shares during the quarter. Ensign Peak Advisors Inc's holdings in American Homes 4 Rent were worth $5,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at $30,000. Jones Financial Companies Lllp lifted its stake in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares in the last quarter. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 375 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of 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 valued at $52,000 after buying an additional 607 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMH. Morgan Stanley raised 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 research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price target for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. 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 report on Wednesday, March 12th. Evercore ISI raised 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. Finally, Royal Bank of Canada raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $40.86.

American Homes 4 Rent Stock Performance

AMH stock traded up $0.44 during mid-day trading on Friday, hitting $38.73. The company had a trading volume of 1,620,523 shares, compared to its average volume of 2,182,937. The firm has a market cap of $14.34 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. 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 12 month low of $31.68 and a 12 month high of $41.41. The stock's fifty day moving average price is $36.74 and its two-hundred day moving average price is $36.46.

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

American Homes 4 Rent Announces Dividend

The business 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 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is 111.11%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was purchased at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company's stock, valued at approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction dated 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 completion of the transaction, the chief accounting officer now owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was 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 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.