46,023 Shares in American Homes 4 Rent (NYSE:AMH) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired a new stake in American Homes 4 Rent, purchasing 46,023 shares valued at approximately $1,740,000 during the first quarter.
• American Homes 4 Rent's stock recently saw a 1.6% decline, with shares opening at $34.69 and a market cap of $12.84 billion.
• The company announced a quarterly dividend of $0.30 per share, which equates to an annualized dividend yield of 3.5%, despite a high dividend payout ratio of 111.11%.

XTX Topco Ltd purchased a new position in American Homes 4 Rent (NYSE:AMH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 46,023 shares of the real estate investment trust's stock, valued at approximately $1,740,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new position in American Homes 4 Rent during the 1st quarter valued at approximately $29,000. Parallel Advisors LLC raised its stake in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent during the first quarter valued at $42,000. Bellwether Advisors LLC purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth $56,000. Finally, Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 70.2% in the 1st quarter. Assetmark Inc. now owns 2,357 shares of the real estate investment trust's stock worth $89,000 after buying an additional 972 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMH. 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 research report on Monday, May 12th. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research report on Friday, June 6th. Raymond James Financial boosted 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. Keefe, Bruyette & Woods raised their target price on shares of 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. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.90.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 6.01% of the stock is currently owned by company insiders.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.10 during trading hours on Tuesday, reaching $35.38. 580,537 shares of the company traded hands, compared to its average volume of 2,239,745. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average price of $36.27 and a 200-day moving average price of $36.29. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The stock has a market capitalization of $13.10 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.66 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's payout ratio is 108.11%.

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.