150,900 Shares in American Homes 4 Rent (NYSE:AMH) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,900 shares of the real estate investment trust's stock, valued at approximately $5,706,000.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its holdings in American Homes 4 Rent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 88,900 shares of the real estate investment trust's stock valued at $3,361,000 after acquiring an additional 900 shares in the last quarter. Arizona State Retirement System grew its position in shares of American Homes 4 Rent by 0.4% during the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock worth $3,630,000 after acquiring an additional 366 shares during the last quarter. State of Michigan Retirement System grew its position in American Homes 4 Rent by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 75,900 shares of the real estate investment trust's stock valued at $2,870,000 after buying an additional 800 shares during the last quarter. Cerity Partners LLC boosted its position in shares of American Homes 4 Rent by 152.4% during the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after purchasing an additional 26,057 shares in the last quarter. Finally, Lightrock Netherlands B.V. boosted its position in shares of American Homes 4 Rent by 26.3% during the 1st quarter. Lightrock Netherlands B.V. now owns 242,518 shares of the real estate investment trust's stock worth $9,185,000 after purchasing an additional 50,473 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 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 disclosure for this sale can be found here. Corporate insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Tuesday, May 6th. Evercore ISI upped their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Raymond James Financial upped their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Scotiabank upped their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.90.

American Homes 4 Rent Trading Down 0.3%

Shares of NYSE:AMH traded down $0.10 during midday trading on Friday, reaching $36.20. The company had a trading volume of 1,566,731 shares, compared to its average volume of 2,222,621. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 3.74 and a beta of 0.74. The company has a fifty day simple moving average of $36.81 and a two-hundred day simple moving average of $36.29.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping 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 company had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same period last year, the business earned $0.43 EPS. The business's quarterly revenue was up 8.4% on a year-over-year basis. Research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's dividend payout ratio is 111.11%.

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.