American Homes 4 Rent (NYSE:AMH) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,538 shares of the real estate investment trust's stock after selling 17,494 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of American Homes 4 Rent worth $9,824,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth $26,000. National Pension Service purchased a new stake in American Homes 4 Rent during the 4th quarter worth about $30,000. Jones Financial Companies Lllp lifted its holdings in 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 worth $41,000 after buying an additional 392 shares during the last quarter. Assetmark Inc. increased its holdings 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 valued at $52,000 after acquiring an additional 375 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of American Homes 4 Rent by 77.2% in 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 acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Transactions at American Homes 4 Rent

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now owns 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company's stock, valued at $281,040. This trade represents a 50.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMH shares. Evercore ISI upped their price target 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. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday. Raymond James lifted their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Mizuho decreased their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and an average price target of $40.64.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.34 during trading hours on Friday, hitting $38.70. The company's stock had a trading volume of 1,184,252 shares, compared to its average volume of 2,169,787. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $36.55 and a 200-day moving average of $36.47. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 3.56 and a beta of 0.78.

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

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 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.