Ethic Inc. Makes New Investment in American Homes 4 Rent (NYSE:AMH)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the 4th quarter worth approximately $822,019,000. Invesco Ltd. grew its stake in shares of 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 buying an additional 4,094,177 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of 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 buying an additional 1,564,994 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of 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 buying an additional 1,291,865 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of American Homes 4 Rent by 40.1% in 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 buying an additional 1,198,471 shares during the last quarter. Hedge funds and other institutional investors 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 American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now directly owns 12,000 shares of the company's stock, valued at approximately $281,040. This trade represents a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction on Monday, May 5th. The stock was 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 now owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by company insiders.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH traded up $0.03 during midday trading on Friday, hitting $37.66. 1,314,367 shares of the stock traded hands, compared to its average volume of 2,184,139. The firm has a 50-day moving average of $37.01 and a two-hundred day moving average of $36.55. The firm has a market capitalization of $13.94 billion, a P/E ratio of 34.87, a PEG ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. 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 released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to analysts' expectations of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMH. 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 research note on Friday, May 2nd. Mizuho cut their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley increased their target price on American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research note on Thursday. Royal Bank of Canada increased their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, Scotiabank increased their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.89.

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.