American Homes 4 Rent (NYSE:AMH) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,734,175 shares of the real estate investment trust's stock after selling 195,827 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.01% of American Homes 4 Rent worth $141,189,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter worth approximately $29,000. Parallel Advisors LLC boosted its position in shares of American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 532 shares during the last quarter. Jones Financial Companies Lllp boosted 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 worth $41,000 after acquiring an additional 392 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter worth approximately $42,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 0.9%

Shares of AMH traded up $0.33 during mid-day trading on Thursday, reaching $36.35. 2,025,367 shares of the stock traded hands, compared to its average volume of 2,224,806. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 3.74 and a beta of 0.74. The stock has a fifty day simple moving average of $36.81 and a 200 day simple moving average of $36.29. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.63.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 23.41% and a return on equity of 5.45%. The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. Sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business 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. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.30%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

AMH has been the topic of several research analyst reports. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Morgan Stanley lifted their price target on shares of 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. Keefe, Bruyette & Woods lifted 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 research report on Tuesday, May 6th. Royal Bank Of Canada lifted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Evercore ISI lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.90.

Insiders Place Their Bets

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 value of $1,657,925.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the company's 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 purchase, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. The trade was a 36.36% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by 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.