Scissortail Wealth Management LLC Acquires Shares of 22,688 American Homes 4 Rent (NYSE:AMH)

Scissortail Wealth Management LLC bought a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,688 shares of the real estate investment trust's stock, valued at approximately $801,000.

Several other large investors have also added to or reduced their stakes in AMH. Vanguard Group Inc. raised its holdings in shares of American Homes 4 Rent by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust's stock valued at $1,495,819,000 after acquiring an additional 1,011,707 shares in the last quarter. BlackRock Inc. raised its holdings in shares of American Homes 4 Rent by 1.4% in the 1st quarter. BlackRock Inc. now owns 23,793,868 shares of the real estate investment trust's stock valued at $748,317,000 after acquiring an additional 325,059 shares in the last quarter. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the 4th quarter valued at about $619,235,000. Principal Financial Group Inc. raised its holdings in shares of American Homes 4 Rent by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust's stock valued at $570,509,000 after acquiring an additional 47,729 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of American Homes 4 Rent by 2.2% in the 1st quarter. JPMorgan Chase & Co. now owns 16,387,078 shares of the real estate investment trust's stock valued at $515,374,000 after acquiring an additional 345,290 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 0.0 %

American Homes 4 Rent stock traded down $0.01 during trading hours on Wednesday, reaching $34.66. The company had a trading volume of 1,942,709 shares, compared to its average volume of 3,470,830. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50-day moving average price of $35.83 and a 200 day moving average price of $35.37. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.69 and a beta of 0.70. 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.26 dividend. This is a boost 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 3.00%. The ex-dividend date was Thursday, March 14th. American Homes 4 Rent's payout ratio is 104.00%.

Insiders Place Their Bets

In other news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on 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 directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on 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 directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction that occurred on 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 $4,617,576.60. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock valued at $2,212,078 in the last ninety days. Company insiders own 6.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. 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 price target on the stock. Citigroup raised American Homes 4 Rent from a "neutral" rating to a "buy" rating and raised their price objective for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Royal Bank of Canada reissued an "outperform" rating and set a $39.00 price objective on shares of American Homes 4 Rent in a report on Monday, February 26th. Mizuho raised their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Finally, Raymond James raised their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $39.67.

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.