Handelsbanken Fonder AB Grows Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Handelsbanken Fonder AB raised its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,192 shares of the real estate investment trust's stock after acquiring an additional 9,300 shares during the quarter. Handelsbanken Fonder AB's holdings in American Homes 4 Rent were worth $3,750,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Atria Investments Inc increased its position in shares of American Homes 4 Rent by 0.4% in the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock valued at $3,175,000 after acquiring an additional 316 shares during the period. Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 37.1% during the 4th 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 in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of American Homes 4 Rent by 11.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 376 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock valued at $2,810,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 1.1%

Shares of NYSE AMH traded up $0.38 during midday trading on Tuesday, hitting $36.44. The stock had a trading volume of 2,756,234 shares, compared to its average volume of 2,208,891. The business's 50 day moving average is $37.27 and its 200-day moving average is $36.47. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.49 billion, a P/E ratio of 33.74, a PEG ratio of 3.76 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business 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 5.45% and a net margin of 23.41%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.29%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost 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 approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business'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 transaction of $1,657,925.00. Following the transaction, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Mizuho cut 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. Scotiabank lifted 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 note on Monday, May 12th. Keefe, Bruyette & Woods lifted their target price on shares of 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 lifted their target price on shares of 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, Barclays lifted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

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.