KBC Group NV Cuts Position in American Homes 4 Rent (NYSE:AMH)

KBC Group NV cut its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 37.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,721 shares of the real estate investment trust's stock after selling 60,438 shares during the period. KBC Group NV's holdings in American Homes 4 Rent were worth $3,846,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $26,000. Golden State Wealth Management LLC bought a new position in shares of American Homes 4 Rent in the 1st quarter valued at $29,000. Parallel Advisors LLC lifted its stake in shares of American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 532 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of American Homes 4 Rent by 56.6% in 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 acquiring an additional 392 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the 1st quarter valued at $42,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMH shares. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Barclays increased their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a report on Friday, June 6th. Keefe, Bruyette & Woods increased their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Finally, Mizuho decreased their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

American Homes 4 Rent Trading Up 1.2%

American Homes 4 Rent stock traded up $0.44 during trading hours on Friday, reaching $35.88. 1,235,726 shares of the company's stock were exchanged, compared to its average volume of 2,221,487. 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 firm's 50 day simple moving average is $37.24 and its 200 day simple moving average is $36.36. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The firm has a market capitalization of $13.28 billion, a PE ratio of 33.22, a PEG ratio of 3.70 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The business's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. Research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.30 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.34%. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

Insider Activity

In related news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction 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 sale, the chief accounting officer directly owned 99,214 shares in the company, 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 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.