Ethic Inc. Acquires New Holdings in American Homes 4 Rent (NYSE:AMH)

Ethic Inc. acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,542 shares of the real estate investment trust's stock, valued at approximately $245,000.

Several other large investors have also recently made changes to their positions in AMH. JPMorgan Chase & Co. grew its holdings in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock valued at $503,503,000 after buying an additional 214,242 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at approximately $206,000. UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. Exchange Traded Concepts LLC increased its position in American Homes 4 Rent by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust's stock worth $855,000 after purchasing an additional 932 shares during the last quarter. Finally, Blue Trust Inc. increased its position in American Homes 4 Rent by 54.0% in the fourth quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust's stock worth $311,000 after purchasing an additional 2,844 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Trading Down 1.7%

Shares of NYSE AMH traded down $0.67 during midday trading on Wednesday, hitting $37.93. The company's stock had a trading volume of 1,478,972 shares, compared to its average volume of 2,176,480. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market cap of $14.04 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The business's 50 day moving average is $36.89 and its two-hundred day moving average is $36.51.

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 the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same quarter in the prior year, the company posted $0.43 EPS. American Homes 4 Rent's quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Insider Activity at American Homes 4 Rent

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average price of $23.42 per share, with a total value of $93,680.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AMH. Barclays lifted their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Mizuho lowered their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. StockNews.com raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Evercore ISI raised 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. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $40.86.

American Homes 4 Rent 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.