Brooklyn FI LLC Acquires New Shares in American Homes 4 Rent (NYSE:AMH)

Brooklyn FI LLC acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,320 shares of the real estate investment trust's stock, valued at approximately $311,000.

Several other hedge funds have also made changes to their positions in AMH. Alyeska Investment Group L.P. raised its holdings in American Homes 4 Rent by 185.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in American Homes 4 Rent by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after buying an additional 8,370 shares in the last quarter. Clearbridge Investments LLC boosted its position in American Homes 4 Rent by 26.3% in the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after buying an additional 588,302 shares during the last quarter. PGGM Investments lifted its stake in shares of American Homes 4 Rent by 7.3% during the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after acquiring an additional 71,890 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after purchasing an additional 110,022 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now owns 12,000 shares in the company, valued at approximately $281,040. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,657,925.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.01% of the company's stock.

American Homes 4 Rent Stock Up 0.6%

Shares of NYSE:AMH traded up $0.21 during trading on Thursday, hitting $37.46. 1,551,848 shares of the company were exchanged, compared to its average volume of 2,194,838. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average price of $37.08 and a two-hundred day moving average price of $36.57.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million during the quarter, compared to analysts' expectations of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. As a group, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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 3.20%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada increased their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. 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 note on Monday, May 12th. Evercore ISI raised their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Raymond James upped their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.89.

American Homes 4 Rent Company 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.