Burgundy Asset Management Ltd. Has $143.86 Million Position in American Homes 4 Rent (NYSE:AMH)

Burgundy Asset Management Ltd. raised its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,844,552 shares of the real estate investment trust's stock after purchasing an additional 60,756 shares during the quarter. American Homes 4 Rent comprises 1.5% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 28th largest holding. Burgundy Asset Management Ltd. owned about 1.04% of American Homes 4 Rent worth $143,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in American Homes 4 Rent by 0.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,846,804 shares of the real estate investment trust's stock valued at $106,527,000 after purchasing an additional 19,336 shares in the last quarter. Sophron Capital Management L.P. bought a new position in American Homes 4 Rent during the 4th quarter valued at $2,445,000. Squarepoint Ops LLC bought a new position in American Homes 4 Rent during the 4th quarter valued at $255,000. Wexford Capital LP bought a new position in American Homes 4 Rent during the 4th quarter valued at $374,000. Finally, Two Sigma Advisers LP bought a new position in American Homes 4 Rent during the 4th quarter valued at $311,000. 91.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMH has been the subject of a number of recent research reports. Raymond James increased their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Evercore ISI increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Morgan Stanley increased their target price on American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Finally, Scotiabank increased their target price 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $40.89.

Insiders Place Their Bets

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction dated Monday, May 5th. The stock was acquired 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 owns 12,000 shares of the company's stock, valued at $281,040. The trade was 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 Up 0.3%

Shares of NYSE:AMH traded up $0.13 during midday trading on Tuesday, hitting $37.78. 3,170,358 shares of the stock were exchanged, compared to its average volume of 2,191,767. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The business's fifty day simple moving average is $37.03 and its two-hundred day simple moving average is $36.56. The company has a market capitalization of $13.98 billion, a PE ratio of 34.98, a P/E/G ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, research analysts predict 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 announced 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 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's payout ratio is 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.