American Homes 4 Rent (NYSE:AMH) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 2,913.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,298 shares of the real estate investment trust's stock after buying an additional 119,207 shares during the period. GAMMA Investing LLC's holdings in American Homes 4 Rent were worth $4,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock valued at $1,681,984,000 after purchasing an additional 240,583 shares during the last quarter. Norges Bank purchased a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $822,019,000. Principal Financial Group Inc. lifted its holdings in shares of American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock valued at $598,232,000 after purchasing an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of American Homes 4 Rent by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after acquiring an additional 689,741 shares in the last quarter. Finally, FMR LLC increased its position in shares of American Homes 4 Rent by 9.2% during the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after acquiring an additional 757,772 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMH shares. Scotiabank lifted their target price on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Royal Bank of Canada lifted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods lifted their target price on shares of 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. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Mizuho lowered their target price on shares of 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company'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 now owns 99,214 shares of the company's stock, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were bought at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.30 during trading hours on Friday, reaching $36.32. The company's stock had a trading volume of 2,496,906 shares, compared to its average volume of 2,204,474. The firm has a 50 day moving average price of $37.18 and a 200-day moving average price of $36.50. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market cap of $13.44 billion, a P/E ratio of 33.63, a P/E/G ratio of 3.56 and a beta of 0.76.

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 analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.30%. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

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.