Lighthouse Investment Partners LLC Buys 73,793 Shares of American Homes 4 Rent (NYSE:AMH)

Lighthouse Investment Partners LLC increased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 34.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,793 shares of the real estate investment trust's stock after acquiring an additional 73,793 shares during the period. Lighthouse Investment Partners LLC owned about 0.08% of American Homes 4 Rent worth $10,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in American Homes 4 Rent in the 4th quarter worth about $822,019,000. Invesco Ltd. grew its stake in shares of American Homes 4 Rent by 186.2% in the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock valued at $235,476,000 after buying an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP increased its holdings in American Homes 4 Rent by 96.2% in the fourth quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock worth $119,411,000 after buying an additional 1,564,994 shares during the last quarter. Alyeska Investment Group L.P. raised its position in American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in American Homes 4 Rent by 40.1% in the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after acquiring an additional 1,198,471 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded up $0.85 during trading hours on Thursday, reaching $38.28. 2,054,217 shares of the company's stock were exchanged, compared to its average volume of 2,181,480. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The stock has a market capitalization 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 business has a fifty day moving average price of $36.63 and a 200-day moving average price 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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $459.28 million during the quarter, compared to analysts' expectations of $449.00 million. During the same period in the prior year, the company earned $0.43 EPS. The business's quarterly revenue was up 8.4% compared to the same quarter last year. Analysts predict 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 dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.13%. American Homes 4 Rent's dividend payout ratio is 111.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMH. 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 note on Thursday, March 13th. Evercore ISI upped their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Raymond James raised their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank upped their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $40.86.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were acquired at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $281,040. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction 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 $3,870,338.14. This trade represents a 29.99% decrease in their position. The disclosure for this sale can be found here. 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.