Allianz Asset Management GmbH Has $21.55 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Allianz Asset Management GmbH grew its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 570,002 shares of the real estate investment trust's stock after acquiring an additional 43,152 shares during the quarter. Allianz Asset Management GmbH owned 0.15% of American Homes 4 Rent worth $21,552,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AMH. Commerzbank Aktiengesellschaft FI lifted its position in American Homes 4 Rent by 13.5% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 8,219 shares of the real estate investment trust's stock valued at $311,000 after acquiring an additional 976 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of American Homes 4 Rent in the first quarter valued at about $5,706,000. Louisiana State Employees Retirement System lifted its holdings in shares of American Homes 4 Rent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 88,900 shares of the real estate investment trust's stock valued at $3,361,000 after purchasing an additional 900 shares in the last quarter. Arizona State Retirement System boosted its position in shares of American Homes 4 Rent by 0.4% during the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock worth $3,630,000 after buying an additional 366 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of American Homes 4 Rent by 1.1% during the first quarter. State of Michigan Retirement System now owns 75,900 shares of the real estate investment trust's stock worth $2,870,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

Shares of AMH stock traded down $0.23 during trading on Friday, hitting $36.04. The company had a trading volume of 1,207,778 shares, compared to its average volume of 2,145,550. The stock's 50-day moving average price is $36.65 and its 200 day moving average price is $36.27. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $13.34 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 3.77 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released 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. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. American Homes 4 Rent's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Equities analysts expect 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Insider Activity

In related 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 shares were 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 directly owned 99,214 shares in the company, valued at $3,870,338.14. This represents a 29.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Raymond James Financial boosted their target price 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. Morgan Stanley boosted their price objective on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada boosted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a report on Friday, June 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.90.

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.