Cerity Partners LLC Has $1.63 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Cerity Partners LLC lifted its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 152.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,157 shares of the real estate investment trust's stock after purchasing an additional 26,057 shares during the quarter. Cerity Partners LLC's holdings in American Homes 4 Rent were worth $1,632,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. GF Fund Management CO. LTD. grew its holdings in shares of American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 304 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 376 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of American Homes 4 Rent by 14.5% in the 4th quarter. Bessemer Group Inc. now owns 3,599 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 456 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of American Homes 4 Rent by 2.8% in the 4th quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust's stock worth $633,000 after purchasing an additional 469 shares during the last quarter. Finally, Ossiam grew its holdings in shares of American Homes 4 Rent by 1.4% in the 4th quarter. Ossiam now owns 32,972 shares of the real estate investment trust's stock worth $1,234,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 0.6%

Shares of NYSE:AMH traded down $0.23 during mid-day trading on Friday, reaching $36.04. The stock had a trading volume of 1,207,778 shares, compared to its average volume of 2,145,550. The firm has a market cap of $13.34 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 3.77 and a beta of 0.74. The firm has a 50 day simple moving average of $36.59 and a two-hundred day simple moving average of $36.27. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.

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 for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The business 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 23.41% and a return on equity of 5.45%. American Homes 4 Rent's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.30 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. American Homes 4 Rent's dividend payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a report on Friday, June 6th. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Morgan Stanley increased their price objective on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Scotiabank increased 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. Finally, Evercore ISI increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Eight 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, the company has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Buying and Selling

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the 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 sale, the chief accounting officer directly owned 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.32% 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.