Coyle Financial Counsel LLC decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 72.6% during the first quarter, according to its most recent filing with the Securities and 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.
Other institutional investors also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. increased its position in shares of American Homes 4 Rent by 5.1% during 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. Assetmark Inc. lifted its stake in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 375 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in American Homes 4 Rent by 11.9% during the fourth 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. Jones Financial Companies Lllp lifted its stake in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 392 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in American Homes 4 Rent by 14.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 438 shares during the last quarter. Institutional investors own 91.87% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Scotiabank upped their price objective on 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. Keefe, Bruyette & Woods increased their target price 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 upped their price target 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. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI lifted their target price 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.90.
Read Our Latest Stock Analysis on American Homes 4 Rent
American Homes 4 Rent Stock Performance
American Homes 4 Rent stock traded down $0.39 during mid-day trading on Tuesday, reaching $35.52. 2,117,450 shares of the company's stock were exchanged, compared to its average volume of 2,228,203. The business's fifty day simple moving average is $37.03 and its 200 day simple moving average is $36.31. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The firm has a market capitalization of $13.15 billion, a PE ratio of 32.89, a P/E/G ratio of 3.72 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 released its quarterly earnings results 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. The business had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. American Homes 4 Rent's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. On average, sell-side analysts expect 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 announced 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.
Insider Activity at American Homes 4 Rent
In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction 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 directly owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent 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 approximately $3,870,338.14. This trade represents 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 owned by insiders.
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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