American Homes 4 Rent (NYSE:AMH) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 104.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,851 shares of the real estate investment trust's stock after buying an additional 17,254 shares during the period. Mercer Global Advisors Inc. ADV's holdings in American Homes 4 Rent were worth $1,267,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent in the fourth quarter valued at approximately $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent during the 4th quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares during the last quarter. Assetmark Inc. raised its stake in American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 375 shares during the period. Finally, UMB Bank n.a. lifted its holdings in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Barclays boosted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus target price of $40.86.

Insider Buying and Selling

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm's 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 sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost 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 $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Stock Down 1.4%

Shares of AMH stock traded down $0.52 during mid-day trading on Wednesday, hitting $37.16. The stock had a trading volume of 492,859 shares, compared to its average volume of 2,172,522. 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 capitalization of $13.76 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The firm's 50-day moving average is $36.61 and its two-hundred day moving average is $36.45. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. On average, 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. Investors of record on Friday, June 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

American Homes 4 Rent Profile

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.