American Homes 4 Rent (NYSE:AMH) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly reduced its stake in American Homes 4 Rent by 69.9%, now holding 13,969 shares valued at approximately $528,000 following a sale of 32,463 shares.
• Several other institutional investors, including Assetmark Inc. and B&I Capital AG, made notable adjustments to their holdings, highlighting a trend of increased interest in the stock among institutional investors.
• American Homes 4 Rent recently announced a quarterly dividend of $0.30, representing an annualized dividend yield of 3.4%, despite a high dividend payout ratio of 111.11%.

Pacer Advisors Inc. lessened its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 69.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,969 shares of the real estate investment trust's stock after selling 32,463 shares during the period. Pacer Advisors Inc.'s holdings in American Homes 4 Rent were worth $528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC boosted its position in American Homes 4 Rent by 9.2% in the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after buying an additional 757,772 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of American Homes 4 Rent by 8.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock worth $326,355,000 after purchasing an additional 675,077 shares during the last quarter. Invesco Ltd. lifted its position in shares of American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after purchasing an additional 4,094,177 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Homes 4 Rent by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock worth $184,670,000 after purchasing an additional 28,381 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after purchasing an additional 1,198,471 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

NYSE AMH traded up $0.04 during trading on Tuesday, reaching $35.52. The company's stock had a trading volume of 509,524 shares, compared to its average volume of 2,239,554. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 0.88. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 3.66 and a beta of 0.72. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The business's fifty day moving average price is $36.27 and its 200-day moving average price is $36.29.

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. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same period in the previous year, the business posted $0.45 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate 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 paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent's payout ratio is 108.11%.

Insider Activity

In other news, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. 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. Raymond James Financial lifted their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Scotiabank lifted their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Morgan Stanley boosted 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and an average price target of $40.90.

American Homes 4 Rent 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.