American Homes 4 Rent (NYSE:AMH) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,690 shares of the real estate investment trust's stock after selling 16,405 shares during the period. 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 large investors have also modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new position in American Homes 4 Rent during the 4th quarter worth approximately $26,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $30,000. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 532 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 392 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

AMH traded down $0.63 during trading hours on Wednesday, hitting $36.31. 2,083,083 shares of the stock were exchanged, compared to its average volume of 2,202,485. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.56 and a beta of 0.76. The stock has a 50-day simple moving average of $37.04 and a 200-day simple moving average of $36.54. 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 has a 12 month low of $31.68 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same period last year, the firm posted $0.43 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James lifted their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods raised their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Royal Bank of Canada boosted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Evercore ISI increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a report on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Activity

In other news, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was bought 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 owns 12,000 shares in the company, valued at $281,040. The trade was a 50.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction dated 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 completion of the sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their position. The disclosure for this sale can be found here. Corporate 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.