The Manufacturers Life Insurance Company Sells 17,494 Shares of American Homes 4 Rent (NYSE:AMH)

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

A number of other hedge funds also recently added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. purchased a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $26,000. National Pension Service purchased a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $30,000. Jones Financial Companies Lllp grew its stake in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares during the period. UMB Bank n.a. grew its stake in 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 worth $52,000 after acquiring an additional 607 shares during the period. Finally, Assetmark Inc. grew its stake in 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 acquiring an additional 375 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 0.9%

American Homes 4 Rent stock traded up $0.34 during midday trading on Friday, reaching $38.70. The stock had a trading volume of 1,184,252 shares, compared to its average volume of 2,174,513. The firm's fifty day simple moving average is $36.55 and its two-hundred day simple moving average is $36.44. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 3.56 and a beta of 0.78.

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. The company had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 3.10%. American Homes 4 Rent's payout ratio is presently 111.11%.

Analyst Upgrades and Downgrades

Several research firms have commented on AMH. JMP Securities reaffirmed a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Mizuho lowered their target price on shares of 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. Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Raymond James lifted their target price on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Barclays lifted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.64.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were acquired at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the purchase, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. This trade represents a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by corporate insiders.

About American Homes 4 Rent

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.