Tectonic Advisors LLC Lowers Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Tectonic Advisors LLC lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 71.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,779 shares of the real estate investment trust's stock after selling 128,774 shares during the quarter. Tectonic Advisors LLC's holdings in American Homes 4 Rent were worth $1,958,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Edgestream Partners L.P. acquired a new stake in American Homes 4 Rent during the 1st quarter worth approximately $5,706,000. Louisiana State Employees Retirement System increased its position in shares of American Homes 4 Rent by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 88,900 shares of the real estate investment trust's stock worth $3,361,000 after acquiring an additional 900 shares during the period. Arizona State Retirement System raised its stake in shares of American Homes 4 Rent by 0.4% in the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after acquiring an additional 366 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of American Homes 4 Rent by 1.1% in the first quarter. State of Michigan Retirement System now owns 75,900 shares of the real estate investment trust's stock valued at $2,870,000 after acquiring an additional 800 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in American Homes 4 Rent by 152.4% in the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock valued at $1,632,000 after purchasing an additional 26,057 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 1.5%

NYSE:AMH traded up $0.54 during midday trading on Wednesday, hitting $36.03. 1,595,061 shares of the company were exchanged, compared to its average volume of 2,224,078. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a market capitalization of $13.34 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 3.69 and a beta of 0.74. 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 company has a fifty day simple moving average of $36.85 and a 200 day simple moving average of $36.30.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The company 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 quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.

Insider Buying and Selling

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 99,214 shares in the company, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the transaction, the director owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMH shares. 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. Morgan Stanley upped their target price on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Scotiabank lifted their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Royal Bank Of Canada boosted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, Raymond James Financial increased their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.