Gateway Investment Advisers LLC lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,690 shares of the real estate investment trust's stock after selling 16,405 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.06% of American Homes 4 Rent worth $8,533,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position 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 worth $1,681,984,000 after purchasing an additional 240,583 shares in the last quarter. Norges Bank bought a new position in American Homes 4 Rent in the 4th quarter worth approximately $822,019,000. Principal Financial Group Inc. lifted its holdings in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after buying an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in American Homes 4 Rent by 5.3% during 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 buying an additional 689,741 shares in the last quarter. Finally, FMR LLC boosted its position in 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 valued at $336,157,000 after buying an additional 757,772 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.
Insider Buying and Selling at American Homes 4 Rent
In related news, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were purchased at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the acquisition, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. This represents a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.32% of the company's stock.
American Homes 4 Rent Stock Performance
Shares of NYSE:AMH opened at $36.68 on Friday. The firm's 50 day simple moving average is $37.06 and its 200 day simple moving average is $36.55. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 3.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.
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 company had revenue of $459.28 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.27%. American Homes 4 Rent's payout ratio is 111.11%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AMH shares. Keefe, Bruyette & Woods boosted their target price on 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. Morgan Stanley lifted their price objective 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 boosted their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Scotiabank upped their target price on shares of 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. Finally, Barclays lifted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.
Read Our Latest Stock Analysis on AMH
American Homes 4 Rent Company Profile
(
Free Report)
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.
Further Reading
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