Knights of Columbus Asset Advisors LLC Reduces Stake in American Homes 4 Rent (NYSE:AMH)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in American Homes 4 Rent by 27.0%, selling 33,787 shares in the first quarter, now owning 91,482 shares valued at approximately $3.46 million.
• Research analysts have mixed ratings for American Homes 4 Rent, with Raymond James upgrading its price target to $43.00, while Citigroup downgraded it to a "neutral" rating with a price target of $41.00.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 3.31%, with a current dividend payout ratio of 111.11%.

Knights of Columbus Asset Advisors LLC lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 27.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 91,482 shares of the real estate investment trust's stock after selling 33,787 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in American Homes 4 Rent were worth $3,459,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMH. Corient Private Wealth LLC grew its holdings in American Homes 4 Rent by 28.2% during the fourth quarter. Corient Private Wealth LLC now owns 10,606 shares of the real estate investment trust's stock worth $397,000 after acquiring an additional 2,331 shares during the period. American Century Companies Inc. boosted its position in American Homes 4 Rent by 12.5% in the 4th quarter. American Century Companies Inc. now owns 879,193 shares of the real estate investment trust's stock worth $32,899,000 after purchasing an additional 97,765 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of American Homes 4 Rent by 0.5% during the 4th 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of American Homes 4 Rent by 8.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 455,696 shares of the real estate investment trust's stock worth $17,002,000 after purchasing an additional 35,726 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of American Homes 4 Rent by 14.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 33,449 shares of the real estate investment trust's stock valued at $1,252,000 after purchasing an additional 4,215 shares in the last quarter. Hedge funds and other 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 $0.59 during mid-day trading on Tuesday, reaching $35.87. 603,988 shares of the stock traded hands, compared to its average volume of 2,221,033. The stock has a market capitalization of $13.28 billion, a PE ratio of 33.20, a PEG ratio of 3.74 and a beta of 0.74. The business has a 50-day moving average of $36.52 and a 200 day moving average of $36.28. 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 quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.63.

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 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The firm had revenue of $459.28 million during the quarter, compared to analysts' expectations of $449.00 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMH. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research report on Friday, June 6th. Royal Bank Of Canada increased their target price on shares of 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 raised their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Tuesday, May 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 99,214 shares in the company, valued at $3,870,338.14. This trade represents 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 owned by corporate insiders.

American Homes 4 Rent 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.