Sophron Capital Management L.P. Invests $2.45 Million in American Homes 4 Rent (NYSE:AMH)

Sophron Capital Management L.P. bought a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 65,342 shares of the real estate investment trust's stock, valued at approximately $2,445,000.

A number of other institutional investors have also modified their holdings of the company. Atria Investments Inc grew its holdings in shares of American Homes 4 Rent by 0.4% during the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust's stock worth $3,175,000 after purchasing an additional 316 shares during the period. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 375 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of American Homes 4 Rent by 11.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 376 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of 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 purchasing an additional 392 shares during the period. Finally, State of Michigan Retirement System grew its holdings in shares of American Homes 4 Rent by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust's stock worth $2,810,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent 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 directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was bought at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This trade represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMH. Scotiabank boosted their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a 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 report on Friday, May 9th. Royal Bank of Canada upped their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Morgan Stanley upped 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. Finally, Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus target price of $40.89.

American Homes 4 Rent Stock Down 0.8%

Shares of AMH traded down $0.30 during trading on Thursday, reaching $37.62. The company's stock had a trading volume of 1,867,193 shares, compared to its average volume of 2,184,211. The company has a fifty day moving average of $36.94 and a two-hundred day moving average of $36.52. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same period in the prior year, the company posted $0.43 EPS. American Homes 4 Rent's quarterly revenue was up 8.4% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's dividend payout ratio is currently 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.