KBC Group NV Sells 60,438 Shares of American Homes 4 Rent (NYSE:AMH)

KBC Group NV decreased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,721 shares of the real estate investment trust's stock after selling 60,438 shares during the quarter. KBC Group NV's holdings in American Homes 4 Rent were worth $3,846,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in 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 buying an additional 240,583 shares during the period. Norges Bank bought a new position in American Homes 4 Rent during the fourth quarter valued at about $822,019,000. JPMorgan Chase & Co. grew its position in 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 buying an additional 689,741 shares during the period. FMR LLC grew its position in 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 buying an additional 757,772 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in American Homes 4 Rent by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock valued at $326,355,000 after buying an additional 675,077 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded up $0.44 on Friday, reaching $35.88. The stock had a trading volume of 1,235,726 shares, compared to its average volume of 2,218,213. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a market cap of $13.28 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 3.70 and a beta of 0.74. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $37.24 and its two-hundred day moving average is $36.36.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced 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 23.41% and a return on equity of 5.45%. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The company's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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

Insider Buying and Selling

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm'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 sale, the chief accounting officer directly owned 99,214 shares of the company's stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company's stock, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMH. Scotiabank increased their price target 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. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their price objective on shares of 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. Mizuho dropped their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, Raymond James Financial upped their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.