Quantinno Capital Management LP Acquires 32,246 Shares of American Homes 4 Rent (NYSE:AMH)

Quantinno Capital Management LP lifted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 276.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,891 shares of the real estate investment trust's stock after purchasing an additional 32,246 shares during the quarter. Quantinno Capital Management LP's holdings in American Homes 4 Rent were worth $1,642,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in American Homes 4 Rent in the fourth quarter valued at approximately $822,019,000. Invesco Ltd. raised its holdings in shares of American Homes 4 Rent by 186.2% during the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after acquiring an additional 4,094,177 shares during the period. Wellington Management Group LLP raised its holdings in shares of American Homes 4 Rent by 96.2% during the fourth quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock worth $119,411,000 after acquiring an additional 1,564,994 shares during the period. Alyeska Investment Group L.P. lifted its position in American Homes 4 Rent by 185.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in American Homes 4 Rent by 40.1% in the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after purchasing an additional 1,198,471 shares during the period. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Scotiabank lifted their target price 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. Raymond James upped their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Barclays raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.86.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $37.93 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average price is $36.94 and its two-hundred day moving average price is $36.52. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a market capitalization of $14.04 billion, a P/E ratio of 35.12, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. American Homes 4 Rent's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.16%. American Homes 4 Rent's dividend payout ratio is 111.11%.

Insider Activity

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the 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 sale, the chief accounting officer now owns 99,214 shares in the company, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were bought at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the transaction, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company's stock.

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.

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