Russell Investments Group Ltd. Buys 310,116 Shares of American Homes 4 Rent (NYSE:AMH)

Russell Investments Group Ltd. raised its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,798,291 shares of the real estate investment trust's stock after purchasing an additional 310,116 shares during the quarter. Russell Investments Group Ltd. owned about 0.77% of American Homes 4 Rent worth $100,690,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMH. Vanguard Group Inc. increased its stake in American Homes 4 Rent by 2.3% in the third 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 purchasing an additional 1,011,707 shares during the period. 59 North Capital Management LP boosted its holdings in shares of American Homes 4 Rent by 53.8% in the third quarter. 59 North Capital Management LP now owns 2,300,256 shares of the real estate investment trust's stock valued at $77,496,000 after acquiring an additional 804,235 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of American Homes 4 Rent by 31.2% in the third quarter. American Century Companies Inc. now owns 1,569,772 shares of the real estate investment trust's stock valued at $52,886,000 after acquiring an additional 372,987 shares in the last quarter. Ranger Global Real Estate Advisors LLC boosted its holdings in shares of American Homes 4 Rent by 343.7% in the third quarter. Ranger Global Real Estate Advisors LLC now owns 464,039 shares of the real estate investment trust's stock valued at $15,633,000 after acquiring an additional 359,456 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of American Homes 4 Rent by 16.3% in the third quarter. Northern Trust Corp now owns 2,383,543 shares of the real estate investment trust's stock valued at $80,302,000 after acquiring an additional 333,497 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 1.8 %

Shares of NYSE:AMH traded up $0.65 during trading on Friday, reaching $36.41. The stock had a trading volume of 1,530,466 shares, compared to its average volume of 1,875,864. The business has a fifty day moving average price of $35.97 and a 200-day moving average price of $35.46. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock has a market cap of $13.33 billion, a P/E ratio of 36.41, a PEG ratio of 2.80 and a beta of 0.70. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week 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 given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. 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. American Homes 4 Rent's payout ratio is currently 104.00%.

Insider Activity

In other news, Director Matthew J. Hart sold 7,263 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the transaction, the director now owns 41,336 shares of the company's stock, valued at $1,519,511.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Bryan Smith sold 50,000 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company's stock, valued at $4,617,576.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the company'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 transaction, the director now directly owns 41,336 shares of the company's stock, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 over the last 90 days. Insiders own 6.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Raymond James lifted 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 report on Thursday, March 28th. StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. Finally, BNP Paribas initiated coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They set an "outperform" rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price 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.