Envestnet Asset Management Inc. Has $14.10 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Envestnet Asset Management Inc. lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 372,859 shares of the real estate investment trust's stock after selling 94,899 shares during the quarter. Envestnet Asset Management Inc. owned about 0.10% of American Homes 4 Rent worth $14,098,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AMH. Vanguard Group Inc. lifted its position in shares of American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock worth $1,681,984,000 after acquiring an additional 240,583 shares during the period. Norges Bank bought a new stake in shares of American Homes 4 Rent in the 4th quarter worth approximately $822,019,000. JPMorgan Chase & Co. lifted its position in shares of American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock worth $516,591,000 after acquiring an additional 689,741 shares during the period. FMR LLC lifted its position in shares of American Homes 4 Rent by 9.2% in the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock worth $336,157,000 after acquiring an additional 757,772 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of American Homes 4 Rent by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock worth $326,355,000 after acquiring an additional 675,077 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 0.4%

AMH stock traded down $0.16 during midday trading on Friday, hitting $36.14. 2,757,973 shares of the company's stock were exchanged, compared to its average volume of 2,227,873. The stock's fifty day moving average price is $36.76 and its 200-day moving average price is $36.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $13.38 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 3.76 and a beta of 0.74. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

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. The firm had revenue of $459.28 million for 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%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts predict that American Homes 4 Rent will post 1.85 earnings per share 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. Stockholders of record on Friday, June 13th were issued 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 3.32%. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMH shares. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Friday, June 6th. Morgan Stanley raised their target price 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. Raymond James Financial raised their target price 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. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Scotiabank raised their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Eight research 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, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $40.90.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated 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 owned 99,214 shares in the company, 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. Insiders own 6.32% of the company's stock.

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.