American Homes 4 Rent (NYSE:AMH) Shares Purchased by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. increased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 242,518 shares of the real estate investment trust's stock after purchasing an additional 50,473 shares during the quarter. American Homes 4 Rent accounts for 2.4% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 19th biggest holding. Lightrock Netherlands B.V. owned approximately 0.07% of American Homes 4 Rent worth $9,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of American Homes 4 Rent in the fourth quarter worth $775,000. Jones Financial Companies Lllp grew its position 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 purchasing an additional 392 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock valued at $131,000 after purchasing an additional 438 shares during the period. State of Michigan Retirement System grew its position in shares of American Homes 4 Rent by 0.5% in the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after purchasing an additional 400 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of American Homes 4 Rent by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after purchasing an additional 110,022 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $35.88 on Friday. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The business has a 50-day moving average of $37.24 and a 200-day moving average of $36.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.70 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. 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 business earned $0.43 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Insider Activity

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the transaction, the chief accounting officer owned 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the purchase, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their position. The disclosure for this purchase can be found here. Insiders own 6.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on 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. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research report on Friday, June 6th. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Morgan Stanley boosted their price target on American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.

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