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

Brooklyn FI LLC acquired a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,320 shares of the real estate investment trust's stock, valued at approximately $311,000.

Several other institutional investors have also added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. purchased a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $26,000. National Pension Service bought a new stake in American Homes 4 Rent during the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp grew its holdings in shares of American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares during the period. Assetmark Inc. raised its position in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 375 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $56,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Mizuho dropped their target price 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. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Raymond James boosted 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 note on Friday, May 9th. Finally, Scotiabank upped 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 report on Monday, May 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.89.

American Homes 4 Rent Stock Up 0.9%

NYSE AMH traded up $0.34 during mid-day trading on Friday, reaching $37.84. The stock had a trading volume of 4,030,374 shares, compared to its average volume of 2,205,417. The stock has a market cap of $14.01 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The company has a fifty day moving average price of $37.10 and a 200 day moving average price of $36.57.

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, topping the consensus estimate 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 return on equity of 5.33% and a net margin of 23.86%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's payout ratio is presently 111.11%.

Insider Activity

In related news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were bought at an average price 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 approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction 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 sale, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders own 6.01% of the company's stock.

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.