64,443 Shares in American Homes 4 Rent (NYSE:AMH) Bought by American Assets Investment Management LLC

Key Points

• American Assets Investment Management LLC has acquired a new stake in American Homes 4 Rent, purchasing 64,443 shares valued at approximately $2.44 million, making it the company's 29th largest holding.
• Analysts have expressed varying opinions on the stock, with Wall Street Zen upgrading it to a "hold" and Morgan Stanley raising its price target from $39.00 to $40.50.
• American Homes 4 Rent recently reported earnings of $0.46 per share for the last quarter, beating estimates, and announced a quarterly dividend of $0.30 per share, reflecting an annual yield of 3.41%.

American Assets Investment Management LLC acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 64,443 shares of the real estate investment trust's stock, valued at approximately $2,437,000. American Homes 4 Rent comprises approximately 1.0% of American Assets Investment Management LLC's investment portfolio, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in shares of American Homes 4 Rent in the 1st quarter worth about $29,000. Parallel Advisors LLC increased its position in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent in the 1st quarter valued at $42,000. Bellwether Advisors LLC bought a new position in American Homes 4 Rent in the 4th quarter valued at $56,000. Finally, Assetmark Inc. grew its position in American Homes 4 Rent by 70.2% in the 1st quarter. Assetmark Inc. now owns 2,357 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 972 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded up $0.40 during midday trading on Monday, hitting $35.59. 910,344 shares of the company were exchanged, compared to its average volume of 2,243,370. The firm has a market capitalization of $13.17 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 3.66 and a beta of 0.72. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The business has a fifty day simple moving average of $36.31 and a two-hundred day simple moving average of $36.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 0.88.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. American Homes 4 Rent's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed 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 3.4%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Royal Bank Of Canada upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Scotiabank upped their target price 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. Raymond James Financial upped their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. 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 research note on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus target price of $40.90.

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.01% of the company's stock.

About American Homes 4 Rent

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.