Focus Partners Wealth Purchases 27,299 Shares of American Homes 4 Rent (NYSE:AMH)

Focus Partners Wealth boosted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 671,748 shares of the real estate investment trust's stock after acquiring an additional 27,299 shares during the quarter. Focus Partners Wealth owned 0.18% of American Homes 4 Rent worth $25,147,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ethic Inc. acquired a new stake in American Homes 4 Rent in the fourth quarter worth about $245,000. Ensign Peak Advisors Inc lifted its stake in shares of American Homes 4 Rent by 31.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 148,556 shares of the real estate investment trust's stock worth $5,559,000 after acquiring an additional 35,609 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of American Homes 4 Rent in the 4th quarter worth approximately $442,000. Crestline Management LP bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $9,385,000. Finally, Captrust Financial Advisors increased its stake in shares of American Homes 4 Rent by 58.0% during the fourth quarter. Captrust Financial Advisors now owns 20,174 shares of the real estate investment trust's stock valued at $755,000 after acquiring an additional 7,402 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 2.3%

Shares of AMH stock traded up $0.85 during trading on Thursday, hitting $38.28. 2,054,217 shares of the company were exchanged, compared to its average volume of 2,181,480. The business's 50-day simple moving average is $36.63 and its 200 day simple moving average is $36.46. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued 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 net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. During the same quarter last year, the business posted $0.43 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts forecast 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 paid a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. American Homes 4 Rent's payout ratio is 111.11%.

Analyst Ratings Changes

A number of brokerages have issued reports on AMH. StockNews.com raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Mizuho dropped their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note 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 report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.86.

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $23.42 per share, with a total value of $93,680.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at approximately $281,040. The trade was a 50.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,214 shares in the company, 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.

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.