Manning & Napier Group LLC Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

Manning & Napier Group LLC lifted its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 59.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,372 shares of the real estate investment trust's stock after acquiring an additional 64,131 shares during the period. Manning & Napier Group LLC's holdings in American Homes 4 Rent were worth $6,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Land & Buildings Investment Management LLC boosted its holdings in shares of American Homes 4 Rent by 35.1% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 858,060 shares of the real estate investment trust's stock worth $30,418,000 after purchasing an additional 222,970 shares during the period. Cookson Peirce & Co. Inc. bought a new position in American Homes 4 Rent during the third quarter valued at $510,000. Bank of Nova Scotia lifted its holdings in shares of American Homes 4 Rent by 18.1% in the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust's stock worth $260,000 after acquiring an additional 1,183 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of American Homes 4 Rent by 2.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust's stock worth $4,554,000 after purchasing an additional 3,736 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in American Homes 4 Rent by 86.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 10,745 shares of the real estate investment trust's stock valued at $362,000 after purchasing an additional 4,977 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Matthew J. Hart sold 7,263 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company's stock, valued at $1,519,511.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,343 shares of the company's stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now directly owns 41,336 shares in the company, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,263 shares of company stock valued at $2,212,078. 6.32% of the stock is currently owned by insiders.

American Homes 4 Rent Stock Up 1.5 %

Shares of NYSE:AMH traded up $0.53 on Friday, reaching $36.78. The company had a trading volume of 1,954,809 shares, compared to its average volume of 2,809,689. The firm has a market capitalization of $13.47 billion, a PE ratio of 36.78, a PEG ratio of 2.82 and a beta of 0.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 52-week low of $29.85 and a 52-week high of $37.97. The firm's 50 day simple moving average is $35.68 and its 200-day simple moving average is $35.29.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.83%. American Homes 4 Rent's payout ratio is currently 104.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on AMH. Raymond James boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Wednesday, March 20th. Mizuho raised their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 price objective for the company. Finally, BNP Paribas began coverage on shares of American Homes 4 Rent in a research note on Monday, January 22nd. They set an "outperform" rating and a $42.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten 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 target price of $39.67.

American Homes 4 Rent Company Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.