Ceredex Value Advisors LLC Lowers Stock Position in American Homes 4 Rent (NYSE:AMH)

Ceredex Value Advisors LLC lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,015,750 shares of the real estate investment trust's stock after selling 382,750 shares during the quarter. Ceredex Value Advisors LLC owned 0.28% of American Homes 4 Rent worth $36,526,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. VisionPoint Advisory Group LLC purchased a new position in American Homes 4 Rent during the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its holdings in American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 873 shares during the period. Sunbelt Securities Inc. purchased a new position in American Homes 4 Rent during the 1st quarter valued at $33,000. Castleview Partners LLC boosted its holdings in American Homes 4 Rent by 2,540.0% during the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 1,143 shares during the period. Finally, Quarry LP purchased a new position in American Homes 4 Rent during the 2nd quarter valued at $41,000. Institutional investors own 91.87% of the company's stock.

Insider Activity

In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares of the company's stock, valued at $1,255,736.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 50,000 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,263 shares of company stock valued at $2,212,078. Company insiders own 6.32% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded up $0.32 during mid-day trading on Friday, reaching $35.99. The stock had a trading volume of 1,037,915 shares, compared to its average volume of 2,167,624. The business's fifty day moving average is $35.75 and its 200-day moving average is $35.29. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.77 and a beta of 0.70. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.89%. American Homes 4 Rent's dividend payout ratio is currently 104.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMH. Citigroup upgraded American Homes 4 Rent from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 target price for the company. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. Mizuho upped their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Finally, BNP Paribas assumed coverage on American Homes 4 Rent in a report on Monday, January 22nd. They issued an "outperform" rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.