Coyle Financial Counsel LLC Has $516,000 Stake in American Homes 4 Rent (NYSE:AMH)

Coyle Financial Counsel LLC lowered its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 72.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,644 shares of the real estate investment trust's stock after selling 36,128 shares during the quarter. Coyle Financial Counsel LLC's holdings in American Homes 4 Rent were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMH. Norges Bank purchased a new position in American Homes 4 Rent in the 4th quarter worth about $822,019,000. Invesco Ltd. increased its stake in 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 in the last quarter. Wellington Management Group LLP increased its stake in American Homes 4 Rent by 96.2% in the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock worth $119,411,000 after purchasing an additional 1,564,994 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in American Homes 4 Rent by 185.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after purchasing an additional 1,291,865 shares in the last quarter. Finally, Northern Trust Corp boosted its position in American Homes 4 Rent by 40.1% during the 4th 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. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

AMH traded up $0.04 on Friday, hitting $35.77. The company had a trading volume of 2,518,465 shares, compared to its average volume of 2,237,899. The company's fifty day moving average price is $37.03 and its 200 day moving average price is $36.32. 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 0.63, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.71 and a beta of 0.74.

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 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $449.00 million. During the same period in the previous year, the company earned $0.43 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.35%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMH shares. Raymond James Financial raised their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods raised their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI raised their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.90.

Insider Buying and Selling

In other news, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $22.93 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company's stock in a transaction 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 transaction, the chief accounting officer owned 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. 6.32% of the stock is owned by insiders.

About American Homes 4 Rent

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.