Knights of Columbus Asset Advisors LLC Sells 33,787 Shares of 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 lessened its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 27.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,482 shares of the real estate investment trust's stock after selling 33,787 shares during the quarter. 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 hedge funds also recently modified their holdings of AMH. Assetmark Inc. increased its position in American Homes 4 Rent by 70.2% in the first quarter. Assetmark Inc. now owns 2,357 shares of the real estate investment trust's stock worth $89,000 after buying an additional 972 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of American Homes 4 Rent by 1.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock worth $1,323,000 after acquiring an additional 391 shares during the period. AE Wealth Management LLC purchased a new stake in American Homes 4 Rent in the 1st quarter worth about $237,000. B&I Capital AG increased its holdings in American Homes 4 Rent by 59.8% in the 1st quarter. B&I Capital AG now owns 209,940 shares of the real estate investment trust's stock worth $7,938,000 after acquiring an additional 78,540 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in American Homes 4 Rent in the 1st quarter valued at about $31,344,000. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $0.23 during mid-day trading on Friday, hitting $36.04. 1,207,778 shares of the company traded hands, compared to its average volume of 2,145,550. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 3.74 and a beta of 0.74. The stock has a fifty day moving average price of $36.59 and a 200-day moving average price of $36.27.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $449.00 million. During the same quarter last year, the company posted $0.43 EPS. The business's quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed 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 3.33%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent's payout ratio is currently 111.11%.

Insider Activity

In other news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company'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 value of $1,657,925.00. Following the completion of the sale, the chief accounting officer directly owned 99,214 shares of the company's stock, valued at approximately $3,870,338.14. This represents 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 corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Evercore ISI increased their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Raymond James Financial raised their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Scotiabank lifted their price target on 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. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

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.