American Homes 4 Rent (NYSE:AMH) Stake Raised by New York Life Investment Management LLC

New York Life Investment Management LLC increased its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 100.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 90,341 shares of the real estate investment trust's stock after buying an additional 45,179 shares during the quarter. New York Life Investment Management LLC's holdings in American Homes 4 Rent were worth $3,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMH. Cambridge Investment Research Advisors Inc. boosted its stake in American Homes 4 Rent by 48.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 29,438 shares of the real estate investment trust's stock worth $992,000 after purchasing an additional 9,612 shares during the period. Xponance Inc. raised its holdings in shares of American Homes 4 Rent by 6.1% in the 3rd quarter. Xponance Inc. now owns 12,485 shares of the real estate investment trust's stock valued at $421,000 after acquiring an additional 716 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of American Homes 4 Rent by 14.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,801 shares of the real estate investment trust's stock worth $10,404,000 after buying an additional 38,056 shares during the last quarter. Castleview Partners LLC lifted its stake in American Homes 4 Rent by 2,540.0% during the third quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Strs Ohio grew its position in American Homes 4 Rent by 9.1% during the third quarter. Strs Ohio now owns 1,668,447 shares of the real estate investment trust's stock valued at $56,209,000 after acquiring an additional 139,711 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Down 1.8 %

NYSE:AMH traded down $0.64 during mid-day trading on Friday, hitting $35.76. The company had a trading volume of 2,358,958 shares, compared to its average volume of 2,082,600. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.75 and a beta of 0.70. The business has a fifty day simple moving average of $36.10 and a 200-day simple moving average of $35.50. 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 1 year low of $31.36 and a 1 year high of $37.97.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.02% and a net margin of 22.55%. The firm had revenue of $423.56 million during the quarter, compared to analyst estimates of $421.28 million. During the same quarter in the previous year, the business posted $0.41 EPS. American Homes 4 Rent's revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that American Homes 4 Rent will post 1.73 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.91%. American Homes 4 Rent's payout ratio is 106.12%.

Insider Activity at American Homes 4 Rent

In other news, COO Bryan Smith sold 50,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $4,617,576.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent 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 in the company, valued at $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Smith sold 50,000 shares of the company's 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 transaction, the chief operating officer now owns 125,580 shares of the company's stock, valued at $4,617,576.60. 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 ninety days. Insiders own 6.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMH. 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. Deutsche Bank Aktiengesellschaft began coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a report on Monday, February 26th. Raymond James boosted 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. Finally, Citigroup upgraded shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and increased their price target for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $39.67.

American Homes 4 Rent 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.