Vident Advisory LLC Cuts Stock Position in American Homes 4 Rent (NYSE:AMH)

Vident Advisory LLC lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,546 shares of the real estate investment trust's stock after selling 43,642 shares during the quarter. Vident Advisory LLC's holdings in American Homes 4 Rent were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. bought a new stake in American Homes 4 Rent during the fourth quarter valued at about $26,000. National Pension Service bought a new stake in American Homes 4 Rent during the fourth quarter valued at about $30,000. Jones Financial Companies Lllp boosted its position in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 392 shares in the last quarter. UMB Bank n.a. boosted its position in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. Finally, Assetmark Inc. boosted its position in American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised 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. Evercore ISI raised their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley raised 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. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.89.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was bought at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company's stock, valued at $281,040. The trade was a 50.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business'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 value of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Stock Performance

AMH stock traded up $0.09 during trading on Tuesday, hitting $37.74. 707,123 shares of the company traded hands, compared to its average volume of 2,225,203. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a market cap of $13.97 billion, a PE ratio of 34.96, a P/E/G ratio of 3.56 and a beta of 0.78. The stock's 50-day simple moving average is $37.03 and its 200 day simple moving average is $36.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $449.00 million. During the same period in the previous year, the company posted $0.43 earnings per share. American Homes 4 Rent's revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent's payout ratio is presently 111.11%.

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.