American Homes 4 Rent (NYSE:AMH) Stock Holdings Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the 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 period. Allianz Asset Management GmbH owned about 0.15% of American Homes 4 Rent worth $21,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its stake in American Homes 4 Rent by 13.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 8,219 shares of the real estate investment trust's stock worth $311,000 after buying an additional 976 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of American Homes 4 Rent during the first quarter worth $5,706,000. Louisiana State Employees Retirement System increased its position in shares of American Homes 4 Rent by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 88,900 shares of the real estate investment trust's stock worth $3,361,000 after purchasing an additional 900 shares in the last quarter. Arizona State Retirement System grew its holdings 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 valued at $3,630,000 after buying an additional 366 shares during the last quarter. 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 valued at $2,870,000 after buying an additional 800 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

AMH traded down $0.19 on Monday, reaching $35.83. The company had a trading volume of 148,016 shares, compared to its average volume of 2,223,102. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The stock has a market capitalization of $13.26 billion, a PE ratio of 33.20, a P/E/G ratio of 3.74 and a beta of 0.74. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $36.59 and a 200-day moving average price of $36.28.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.41% and a return on equity of 5.45%. The business had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same period in the previous year, the business posted $0.43 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Analysts Set New Price Targets

AMH has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report 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 report on Monday, May 5th. Raymond James Financial raised their price target on shares of 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. Citigroup downgraded shares of 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. Finally, Morgan Stanley raised their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.90.

Insider Buying and Selling

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction 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 sale, the chief accounting officer owned 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the purchase, the director directly owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by company 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.