Teacher Retirement System of Texas Trims Stock Position in American Homes 4 Rent (NYSE:AMH)

Teacher Retirement System of Texas cut its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,128 shares of the real estate investment trust's stock after selling 55,461 shares during the quarter. Teacher Retirement System of Texas' holdings in American Homes 4 Rent were worth $6,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cookson Peirce & Co. Inc. bought a new stake in American Homes 4 Rent in the 3rd quarter valued at about $510,000. Scissortail Wealth Management LLC acquired a new position in American Homes 4 Rent in the 4th quarter valued at $801,000. Bank of Nova Scotia lifted its position in shares of American Homes 4 Rent by 18.1% during the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust's stock valued at $260,000 after acquiring an additional 1,183 shares during the period. Manning & Napier Group LLC grew its holdings in shares of American Homes 4 Rent by 59.2% during the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust's stock worth $6,198,000 after purchasing an additional 64,131 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of American Homes 4 Rent by 2.8% in the third quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust's stock worth $4,554,000 after purchasing an additional 3,736 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 0.4 %

Shares of American Homes 4 Rent stock traded up $0.13 during trading on Tuesday, hitting $36.06. The company's stock had a trading volume of 1,163,053 shares, compared to its average volume of 3,210,707. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97. The stock has a 50-day moving average price of $36.07 and a two-hundred day moving average price of $35.63.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.88%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 106.12%.

Insiders Place Their Bets

In other news, CAO Brian Reitz sold 3,000 shares of the firm'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 completion of 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 document filed with the SEC, which is accessible through this link. In related news, 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 transaction, the director now owns 41,336 shares of the company's stock, valued at $1,519,511.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Brian Reitz sold 3,000 shares of the stock in a transaction on 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 directly owns 35,343 shares of the company's stock, valued at $1,255,736.79. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 14,476 shares of company stock worth $331,919 and sold 60,263 shares worth $2,212,078. Company insiders own 6.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup upgraded shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Wednesday, March 20th. Mizuho upped their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. BNP Paribas started coverage on shares of 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They set a "buy" rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.62.

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.