American Homes 4 Rent (NYSE:AMH) Shares Purchased by Pictet Asset Management SA

Pictet Asset Management SA boosted its holdings in American Homes 4 Rent (NYSE:AMHGet Rating) by 74.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,115 shares of the real estate investment trust’s stock after purchasing an additional 86,552 shares during the quarter. Pictet Asset Management SA owned approximately 0.06% of American Homes 4 Rent worth $7,163,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its holdings in American Homes 4 Rent by 86.2% in the second quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 337 shares during the period. Arlington Partners LLC acquired a new position in American Homes 4 Rent in the second quarter worth $27,000. Charter Oak Capital Management LLC acquired a new position in shares of American Homes 4 Rent during the second quarter valued at $31,000. AdvisorNet Financial Inc boosted its holdings in shares of American Homes 4 Rent by 253.2% during the second quarter. AdvisorNet Financial Inc now owns 1,116 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 800 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of American Homes 4 Rent during the second quarter valued at $62,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analysts Set New Price Targets

AMH has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of American Homes 4 Rent from $37.50 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Jefferies Financial Group reduced their price target on shares of American Homes 4 Rent from $45.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Barclays reduced their price objective on shares of American Homes 4 Rent from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, October 6th. Evercore ISI reduced their price objective on shares of American Homes 4 Rent to $36.00 in a report on Thursday, October 13th. Finally, Royal Bank of Canada reduced their price objective on shares of American Homes 4 Rent from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.60.

Insiders Place Their Bets

In related news, Director Tamara Hughes Gustavson acquired 281,695 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were purchased at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the acquisition, the director now owns 269,470 shares in the company, valued at $9,808,708. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other American Homes 4 Rent news, Director Kenneth M. Woolley sold 10,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $36.69, for a total transaction of $366,900.00. Following the sale, the director now owns 20,128 shares in the company, valued at approximately $738,496.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Tamara Hughes Gustavson acquired 281,695 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were bought at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the acquisition, the director now owns 269,470 shares in the company, valued at approximately $9,808,708. The disclosure for this purchase can be found here. Corporate insiders own 6.03% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $32.00 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $32.57 and its two-hundred day moving average price is $35.05. American Homes 4 Rent has a 52 week low of $29.31 and a 52 week high of $44.07. The stock has a market cap of $11.31 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 2.64 and a beta of 0.58.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.72 annualized dividend and a yield of 2.25%. American Homes 4 Rent’s payout ratio is presently 120.00%.

American Homes 4 Rent Profile

(Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

Read More

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.