Oppenheimer Asset Management Inc. Has $3.29 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Oppenheimer Asset Management Inc. lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 65.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,896 shares of the real estate investment trust's stock after selling 161,934 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in American Homes 4 Rent were worth $3,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $26,000. National Pension Service bought a new position in American Homes 4 Rent in the fourth quarter valued at approximately $30,000. Parallel Advisors LLC raised its position in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares in the last quarter. Jones Financial Companies Lllp raised its position in American Homes 4 Rent by 56.6% during 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 in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent during the first quarter worth $42,000. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore ISI upped their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Scotiabank raised their price objective on 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, Mizuho reduced their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $40.90.

Insider Buying and Selling

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm'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 transaction of $1,657,925.00. Following the completion of the sale, the chief accounting officer now owns 99,214 shares of the company's stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction dated 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 now directly owns 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 owned by insiders.

American Homes 4 Rent Trading Up 0.6%

Shares of AMH stock traded up $0.22 on Thursday, hitting $36.03. The company had a trading volume of 1,933,367 shares, compared to its average volume of 2,213,912. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $13.34 billion, a P/E ratio of 33.37, a P/E/G ratio of 3.81 and a beta of 0.76. The stock's 50-day moving average is $37.38 and its two-hundred day moving average is $36.44.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating 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 business had revenue of $459.28 million for the quarter, compared to analysts' expectations of $449.00 million. During the same period in the prior year, the business posted $0.43 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

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.