Schonfeld Strategic Advisors LLC Sells 7,167 Shares of American Homes 4 Rent (NYSE:AMH)

Schonfeld Strategic Advisors LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,507 shares of the real estate investment trust's stock after selling 7,167 shares during the period. Schonfeld Strategic Advisors LLC's holdings in American Homes 4 Rent were worth $954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of American Homes 4 Rent in the 4th quarter worth $26,000. National Pension Service acquired a new stake in American Homes 4 Rent in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp boosted its position in shares of American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 392 shares in the last quarter. UMB Bank n.a. boosted its position in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 375 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMH. Scotiabank raised their target price on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Monday. Mizuho reduced their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. JMP Securities restated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Evercore ISI upped their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Barclays increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $40.86.

Insiders Place Their Bets

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average price of $23.42 per share, with a total value of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Stock Down 1.4%

Shares of AMH stock traded down $0.52 during trading on Wednesday, hitting $37.16. 492,859 shares of the company were exchanged, compared to its average volume of 2,172,522. The business's 50-day simple moving average is $36.61 and its 200 day simple moving average is $36.45. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. During the same quarter last year, the business posted $0.43 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.