Gotham Asset Management LLC Buys 150,669 Shares of American Homes 4 Rent (NYSE:AMH)

Gotham Asset Management LLC boosted its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 39.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,432 shares of the real estate investment trust's stock after purchasing an additional 150,669 shares during the period. Gotham Asset Management LLC owned about 0.14% of American Homes 4 Rent worth $19,774,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMH. Focus Partners Wealth increased its stake in American Homes 4 Rent by 4.2% in the fourth quarter. Focus Partners Wealth now owns 671,748 shares of the real estate investment trust's stock valued at $25,147,000 after purchasing an additional 27,299 shares during the last quarter. Ethic Inc. purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $245,000. Ensign Peak Advisors Inc boosted its position in shares of American Homes 4 Rent by 31.5% in the fourth quarter. Ensign Peak Advisors Inc now owns 148,556 shares of the real estate investment trust's stock worth $5,559,000 after buying an additional 35,609 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $442,000. Finally, Crestline Management LP purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $9,385,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Mizuho decreased their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Raymond James increased their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Barclays increased their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their target price 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.86.

American Homes 4 Rent Stock Performance

NYSE AMH traded up $0.28 during trading hours on Thursday, hitting $37.71. The company had a trading volume of 38,220 shares, compared to its average volume of 2,173,692. The firm has a market cap of $13.96 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The business has a fifty day simple moving average of $36.63 and a 200-day simple moving average of $36.46.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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

Insider Buying and Selling

In other news, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was bought at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares in the company, valued at $281,040. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated 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 approximately $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. Corporate insiders own 6.32% of the company's stock.

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.