American Homes 4 Rent (NYSE:AMH) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 55.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,888 shares of the real estate investment trust's stock after selling 18,616 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in American Homes 4 Rent were worth $563,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of American Homes 4 Rent in the 4th quarter worth about $26,000. Parallel Advisors LLC increased its stake in American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after buying an additional 532 shares during the period. Jones Financial Companies Lllp increased its stake in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after buying an additional 392 shares during the period. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent in the 1st quarter worth about $42,000. Finally, Assetmark Inc. increased its stake in American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after buying an additional 375 shares during the period. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 research note on Thursday, May 22nd. Evercore ISI raised their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Scotiabank raised their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research note on Friday, June 6th. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $40.90.

American Homes 4 Rent Stock Up 0.1%

Shares of NYSE:AMH traded up $0.04 during trading on Friday, reaching $35.77. The stock had a trading volume of 2,518,465 shares, compared to its average volume of 2,229,567. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The company has a market capitalization of $13.24 billion, a P/E ratio of 33.12, a PEG ratio of 3.72 and a beta of 0.74. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. The firm's 50-day simple moving average is $37.03 and its 200 day simple moving average is $36.32.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating 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 analysts' expectations of $449.00 million. During the same period last year, the business earned $0.43 EPS. The company's revenue was up 8.4% compared to the same quarter last year. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 3.35%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Insider Transactions at American Homes 4 Rent

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer directly owned 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $343,950. This 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.