American Homes 4 Rent (NYSE:AMH) Shares Acquired by B&I Capital AG

B&I Capital AG raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 59.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,940 shares of the real estate investment trust's stock after purchasing an additional 78,540 shares during the period. American Homes 4 Rent comprises 2.6% of B&I Capital AG's investment portfolio, making the stock its 14th biggest position. B&I Capital AG owned approximately 0.06% of American Homes 4 Rent worth $7,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of American Homes 4 Rent during the first quarter worth about $31,344,000. Allianz Asset Management GmbH increased its stake in shares of American Homes 4 Rent by 8.2% during the first quarter. Allianz Asset Management GmbH now owns 570,002 shares of the real estate investment trust's stock worth $21,552,000 after acquiring an additional 43,152 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of American Homes 4 Rent by 13.5% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 8,219 shares of the real estate investment trust's stock worth $311,000 after acquiring an additional 976 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at about $5,706,000. Finally, Louisiana State Employees Retirement System lifted its stake in shares of American Homes 4 Rent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 88,900 shares of the real estate investment trust's stock valued at $3,361,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Activity at American Homes 4 Rent

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 stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the transaction, the chief accounting officer owned 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director owned 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.01% of the stock is currently owned by company insiders.

American Homes 4 Rent Price Performance

AMH traded up $0.73 during midday trading on Tuesday, hitting $36.83. The stock had a trading volume of 1,980,883 shares, compared to its average volume of 2,224,973. The company has a market cap of $13.63 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 3.75 and a beta of 0.74. The business has a fifty day moving average of $36.70 and a 200 day moving average of $36.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $459.28 million during 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 revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. As a group, equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Raymond James Financial raised their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Morgan Stanley raised their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Citigroup downgraded 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. Finally, Evercore ISI boosted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.90.

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.