JLP Asset Management LLC Sells 104,300 Shares of American Homes 4 Rent (NYSE:AMH)

JLP Asset Management LLC decreased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 70.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,700 shares of the real estate investment trust's stock after selling 104,300 shares during the period. American Homes 4 Rent comprises 1.9% of JLP Asset Management LLC's portfolio, making the stock its 18th largest holding. JLP Asset Management LLC's holdings in American Homes 4 Rent were worth $1,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in American Homes 4 Rent in the third quarter worth approximately $26,000. Blue Trust Inc. raised its position in American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 873 shares during the period. Sunbelt Securities Inc. bought a new position in American Homes 4 Rent in the first quarter worth approximately $33,000. Castleview Partners LLC raised its position in American Homes 4 Rent by 2,540.0% in the third quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 1,143 shares during the period. Finally, Quarry LP bought a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at $41,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMH shares. Deutsche Bank Aktiengesellschaft started coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They set a "buy" rating and a $40.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Wednesday, March 20th. Raymond James raised 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 research note on Thursday, March 28th. Finally, Mizuho raised their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. One 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, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus price target of $39.67.

Insider Activity at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Brian Reitz sold 3,000 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent 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 completion of the transaction, 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. Insiders sold 60,263 shares of company stock worth $2,212,078 in the last 90 days. 6.05% of the stock is owned by corporate insiders.

American Homes 4 Rent Trading Up 1.6 %

Shares of American Homes 4 Rent stock traded up $0.56 during trading on Monday, hitting $36.56. The stock had a trading volume of 2,397,366 shares, compared to its average volume of 3,656,958. The firm's fifty day simple moving average is $35.77 and its 200-day simple moving average is $35.30. The stock has a market cap of $13.38 billion, a PE ratio of 36.56, a PEG ratio of 2.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.22. American Homes 4 Rent's dividend payout ratio (DPR) is 104.00%.

About American Homes 4 Rent

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.