Hudson Bay Capital Management LP Invests $12 Million in American Homes 4 Rent (NYSE:AMH)

Hudson Bay Capital Management LP bought a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 320,793 shares of the real estate investment trust's stock, valued at approximately $12,004,000. Hudson Bay Capital Management LP owned about 0.09% of American Homes 4 Rent at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock valued at $1,681,984,000 after buying an additional 240,583 shares during the period. Norges Bank purchased a new position in shares of American Homes 4 Rent during the 4th quarter worth $822,019,000. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after purchasing an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock valued at $516,591,000 after purchasing an additional 689,741 shares during the period. Finally, FMR LLC increased its stake in American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after purchasing an additional 757,772 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jack E. Corrigan bought 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, for a total transaction of $93,680.00. Following the completion of the purchase, the director now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the sale, the chief accounting officer now 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. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Stock Up 2.3%

American Homes 4 Rent stock traded up $0.85 during midday trading on Thursday, hitting $38.28. 2,054,217 shares of the stock were exchanged, compared to its average volume of 2,181,480. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market cap of $14.17 billion, a P/E ratio of 35.44, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a 50 day moving average price of $36.63 and a two-hundred day moving average price of $36.46.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate 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 business had revenue of $459.28 million for the quarter, compared to analysts' expectations of $449.00 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.13%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of research analyst reports. Barclays raised their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Evercore ISI boosted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Raymond James increased their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Scotiabank boosted their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday. Finally, Royal Bank of Canada increased 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.86.

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.