Nisa Investment Advisors LLC Sells 54,839 Shares of American Homes 4 Rent (NYSE:AMH)

Nisa Investment Advisors LLC lessened its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 28.6% in the 1st quarter, according to its most recent disclosure with the Securities & 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 also recently modified their holdings of AMH. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new position in American Homes 4 Rent in the 1st quarter worth approximately $29,000. Parallel Advisors LLC boosted its position in American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 532 shares during the period. Jones Financial Companies Lllp increased 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 worth $41,000 after acquiring an additional 392 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Down 1.1%

American Homes 4 Rent stock traded down $0.39 during midday trading on Tuesday, reaching $35.52. The stock had a trading volume of 2,117,394 shares, compared to its average volume of 2,228,203. The firm's fifty day simple moving average is $37.03 and its 200-day simple moving average is $36.31. The stock has a market capitalization of $13.15 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 3.72 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. 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 (NYSE:AMH - Get Free Report) last announced 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. 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent's payout ratio is 111.11%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at $343,950. This represents a 36.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction 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 represents a 29.99% decrease in their position. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMH. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Scotiabank boosted 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. Raymond James Financial upped their target price on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, June 6th. Finally, Morgan Stanley increased their price target on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. 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.com, American Homes 4 Rent has an average 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.