Burgundy Asset Management Ltd. lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,844,552 shares of the real estate investment trust's stock after buying an additional 60,756 shares during the period. American Homes 4 Rent makes up 1.5% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 28th biggest position. Burgundy Asset Management Ltd. owned about 1.04% of American Homes 4 Rent worth $143,863,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new stake in American Homes 4 Rent during the fourth quarter valued at $822,019,000. Invesco Ltd. lifted its stake in shares of American Homes 4 Rent by 186.2% in the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after purchasing an additional 4,094,177 shares during the period. Wellington Management Group LLP boosted its holdings in shares of American Homes 4 Rent by 96.2% in the fourth quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock worth $119,411,000 after buying an additional 1,564,994 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in American Homes 4 Rent by 185.2% during the fourth 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 buying an additional 1,291,865 shares during the last quarter. Finally, Northern Trust Corp raised its position in American Homes 4 Rent by 40.1% in the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after acquiring an additional 1,198,471 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at American Homes 4 Rent
In related news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
AMH has been the subject of several analyst reports. Morgan Stanley upped their price objective on 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. Mizuho decreased their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Scotiabank increased their target price 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. Finally, Evercore ISI lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Seven 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 currently has an average rating of "Moderate Buy" and an average price target of $40.89.
Check Out Our Latest Stock Analysis on AMH
American Homes 4 Rent Price Performance
Shares of AMH stock traded down $0.38 during mid-day trading on Wednesday, hitting $37.34. The company had a trading volume of 921,091 shares, compared to its average volume of 2,186,901. 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 stock's 50 day moving average price is $37.06 and its 200-day moving average price is $36.57. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a market capitalization of $13.82 billion, a P/E ratio of 34.57, a P/E/G ratio of 3.56 and a beta of 0.78.
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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The company 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%. American Homes 4 Rent's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.
American Homes 4 Rent Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's payout ratio is presently 111.11%.
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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