XTX Topco Ltd Takes Position in American Homes 4 Rent (NYSE:AMH)

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

Several other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in American Homes 4 Rent in the first quarter valued at about $29,000. Parallel Advisors LLC raised its position in American Homes 4 Rent by 171.1% in 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 during the period. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent in the first quarter valued at about $42,000. Bellwether Advisors LLC purchased a new position in American Homes 4 Rent in the fourth quarter valued at about $56,000. Finally, Assetmark Inc. raised its position in American Homes 4 Rent by 70.2% in the first quarter. Assetmark Inc. now owns 2,357 shares of the real estate investment trust's stock valued at $89,000 after purchasing an additional 972 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.47 during mid-day trading on Friday, hitting $35.16. 5,176,548 shares of the company traded hands, compared to its average volume of 2,012,726. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. 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 business has a 50-day moving average of $36.31 and a 200 day moving average of $36.27. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 31.68, a PEG 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 the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.61%. 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 business posted $0.45 earnings per share. American Homes 4 Rent's revenue was up 8.0% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. American Homes 4 Rent's dividend payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMH shares. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Royal Bank Of Canada lifted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI lifted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer owned 99,214 shares of the company's stock, valued at $3,870,338.14. This represents a 29.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the transaction, the director directly owned 15,000 shares of the company's stock, valued at $343,950. This represents 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 owned by corporate insiders.

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.