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

Cerity Partners LLC grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 152.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 quarter.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in American Homes 4 Rent during the fourth quarter worth about $6,821,000. Corient Private Wealth LLC lifted its stake in American Homes 4 Rent by 28.2% in the fourth quarter. Corient Private Wealth LLC now owns 10,606 shares of the real estate investment trust's stock valued at $397,000 after buying an additional 2,331 shares during the last quarter. Intech Investment Management LLC purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $302,000. Teacher Retirement System of Texas purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $3,422,000. Finally, American Century Companies Inc. raised its stake in shares of American Homes 4 Rent by 12.5% during the fourth quarter. American Century Companies Inc. now owns 879,193 shares of the real estate investment trust's stock worth $32,899,000 after purchasing an additional 97,765 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley upped 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. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada increased their price objective 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. Scotiabank increased their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, 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 note on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and an average target price of $40.90.

American Homes 4 Rent Price Performance

AMH stock traded down $0.10 during midday trading on Wednesday, reaching $36.64. 1,550,797 shares of the company's stock traded hands, compared to its average volume of 2,222,285. The company has a 50-day simple moving average of $36.70 and a two-hundred day simple moving average of $36.27. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 3.75 and a beta of 0.74. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.63.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data 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. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same period last year, the company earned $0.43 EPS. The business's quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business'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 value of $1,657,925.00. Following the completion of the sale, the chief accounting officer directly owned 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The disclosure for this purchase can be found here. 6.01% of the stock is owned by insiders.

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.