Nisa Investment Advisors LLC Reduces Position in American Homes 4 Rent (NYSE:AMH)

Nisa Investment Advisors LLC decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 28.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,960 shares of the real estate investment trust's stock after selling 54,839 shares during the period. Nisa Investment Advisors LLC's holdings in American Homes 4 Rent were worth $5,178,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMH. Jones Financial Companies Lllp lifted its stake in 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 worth $41,000 after acquiring an additional 392 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of American Homes 4 Rent by 14.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,493 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 438 shares during the last quarter. Assetmark Inc. boosted its position in shares of American Homes 4 Rent by 37.1% in 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 during the period. Proficio Capital Partners LLC acquired a new position in American Homes 4 Rent during the fourth quarter worth approximately $775,000. Finally, Raymond James Financial Inc. acquired a new position in American Homes 4 Rent during the fourth quarter worth approximately $6,821,000. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMH. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research report on Friday, June 6th. Keefe, Bruyette & Woods lifted their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Morgan Stanley lifted their price target on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Evercore ISI lifted their price target on 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. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.90.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.04 during mid-day trading on Friday, hitting $35.77. The company's stock had a trading volume of 2,518,465 shares, compared to its average volume of 2,237,899. 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 firm has a 50-day simple moving average of $37.03 and a 200 day simple moving average of $36.32. The firm has a market capitalization of $13.24 billion, a P/E ratio of 33.12, a P/E/G ratio of 3.71 and a beta of 0.74. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million during 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 company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Analysts predict that American Homes 4 Rent will post 1.85 EPS 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. Investors of record on Friday, June 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.35%. American Homes 4 Rent's dividend payout ratio is presently 111.11%.

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.