American Homes 4 Rent (NYSE:AMH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,856 shares of the real estate investment trust's stock after selling 8,342 shares during the period. New York State Common Retirement Fund's holdings in American Homes 4 Rent were worth $6,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMH. Vanguard Group Inc. raised its holdings in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock worth $1,681,984,000 after purchasing an additional 240,583 shares during the period. Norges Bank bought a new position in American Homes 4 Rent in the fourth quarter valued at $822,019,000. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after purchasing an additional 689,741 shares in the last quarter. FMR LLC grew its position in American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after purchasing an additional 757,772 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of American Homes 4 Rent by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock valued at $326,355,000 after acquiring an additional 675,077 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Royal Bank Of Canada raised their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Citigroup lowered 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 report on Friday, June 6th. Scotiabank lifted their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, 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 report on Tuesday, May 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned 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 an average target price of $40.90.

Insider Activity

In related news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the acquisition, the director owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's 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 transaction, the chief accounting officer directly owned 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is owned by insiders.

American Homes 4 Rent Price Performance

AMH stock traded up $0.73 during midday trading on Tuesday, hitting $36.83. The company's stock had a trading volume of 1,980,873 shares, compared to its average volume of 2,224,769. 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. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. The company has a 50 day moving average of $36.76 and a two-hundred day moving average of $36.27.

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 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 period last year, the company earned $0.43 earnings per share. American Homes 4 Rent's revenue was up 8.4% on a year-over-year basis. On average, analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.26%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

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.