Asset Management One Co. Ltd. boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,009 shares of the real estate investment trust's stock after acquiring an additional 22,391 shares during the period. Asset Management One Co. Ltd. owned about 0.19% of American Homes 4 Rent worth $26,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake 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 buying an additional 240,583 shares in the last quarter. Norges Bank purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at $822,019,000. JPMorgan Chase & Co. increased its holdings in shares of American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after acquiring an additional 689,741 shares during the period. FMR LLC raised its position in shares of 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 worth $336,157,000 after acquiring an additional 757,772 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake 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. Hedge funds and other institutional investors own 91.87% of the company's stock.
Insider Buying and Selling at American Homes 4 Rent
In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company's 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 sale, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares in the company, valued at $281,040. This trade represents a 50.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.01% of the company's stock.
American Homes 4 Rent Stock Performance
Shares of NYSE AMH traded down $0.84 during mid-day trading on Wednesday, hitting $35.83. The stock had a trading volume of 4,150,157 shares, compared to its average volume of 2,245,980. The firm has a market cap of $13.26 billion, a PE ratio of 33.18, a PEG ratio of 3.84 and a beta of 0.76. 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 company has a 50 day moving average of $37.40 and a two-hundred day moving average of $36.44. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share 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 the consensus estimate of $449.00 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.
American Homes 4 Rent Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is presently 111.11%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on AMH. Scotiabank lifted their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Mizuho lowered their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Royal Bank Of Canada lifted their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. 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. Finally, 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 research note on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.
Check Out Our Latest Stock Analysis on AMH
About American Homes 4 Rent
(
Free Report)
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.
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