SG Americas Securities LLC Buys 54,178 Shares of American Homes 4 Rent (NYSE:AMH)

SG Americas Securities LLC raised its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 154.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,190 shares of the real estate investment trust's stock after buying an additional 54,178 shares during the period. SG Americas Securities LLC's holdings in American Homes 4 Rent were worth $3,372,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its holdings in shares of American Homes 4 Rent by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 88,000 shares of the real estate investment trust's stock valued at $3,293,000 after purchasing an additional 800 shares during the period. Allspring Global Investments Holdings LLC grew its position in American Homes 4 Rent by 9.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 362,878 shares of the real estate investment trust's stock worth $13,336,000 after purchasing an additional 32,704 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of American Homes 4 Rent by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 665,618 shares of the real estate investment trust's stock worth $24,694,000 after acquiring an additional 6,449 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of American Homes 4 Rent by 1.0% during the 4th quarter. Rhumbline Advisers now owns 986,456 shares of the real estate investment trust's stock worth $36,913,000 after acquiring an additional 9,567 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after acquiring an additional 1,015,351 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded down $0.13 during mid-day trading on Monday, hitting $36.27. 386,728 shares of the stock were exchanged, compared to its average volume of 2,197,306. The stock's fifty day simple moving average is $37.18 and its two-hundred day simple moving average is $36.49. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 33.59, a P/E/G ratio of 3.56 and a beta of 0.76. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same quarter last year, the company posted $0.43 earnings per share. The business's revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. American Homes 4 Rent's payout ratio is 111.11%.

Insider Activity

In related news, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was bought at an average price of $23.42 per share, with a total value of $93,680.00. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now directly owns 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. Insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

AMH has been the topic of a number of research reports. Morgan Stanley raised their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Scotiabank upped their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Evercore ISI upped their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $40.90.

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.