Park Avenue Securities LLC Buys 693 Shares of American Homes 4 Rent (NYSE:AMH)

Park Avenue Securities LLC lifted its holdings in shares of American Homes 4 Rent (NYSE:AMHGet Rating) by 10.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,112 shares of the real estate investment trust’s stock after acquiring an additional 693 shares during the quarter. Park Avenue Securities LLC’s holdings in American Homes 4 Rent were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of American Homes 4 Rent by 11.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 235,930 shares of the real estate investment trust’s stock worth $7,741,000 after acquiring an additional 24,641 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of American Homes 4 Rent by 18.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 7,771 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 1,188 shares during the period. Aew Capital Management L P boosted its stake in shares of American Homes 4 Rent by 429.0% during the 3rd quarter. Aew Capital Management L P now owns 1,971,659 shares of the real estate investment trust’s stock worth $64,690,000 after acquiring an additional 1,598,962 shares during the period. Naviter Wealth LLC boosted its stake in shares of American Homes 4 Rent by 4.2% during the 3rd quarter. Naviter Wealth LLC now owns 11,561 shares of the real estate investment trust’s stock worth $379,000 after acquiring an additional 468 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of American Homes 4 Rent by 25.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 312,577 shares of the real estate investment trust’s stock worth $10,255,000 after acquiring an additional 63,188 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMH shares. Scotiabank started coverage on American Homes 4 Rent in a report on Tuesday, January 17th. They set a “sector outperform” rating and a $36.00 price target for the company. Mizuho dropped their price target on American Homes 4 Rent from $37.00 to $36.00 in a report on Friday, December 2nd. B. Riley dropped their price target on American Homes 4 Rent from $43.00 to $36.00 in a report on Tuesday, November 8th. Raymond James cut American Homes 4 Rent from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, November 29th. Finally, Royal Bank of Canada dropped their price target on 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.56.

Insider Activity

In other news, Director Matthew J. Hart sold 6,955 shares of American Homes 4 Rent stock in a transaction on Monday, November 21st. The stock was sold at an average price of $31.44, for a total value of $218,665.20. Following the transaction, the director now owns 34,340 shares in the company, valued at approximately $1,079,649.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Douglas N. Benham acquired 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, November 23rd. The shares were acquired at an average price of $22.55 per share, for a total transaction of $90,200.00. Following the transaction, the director now directly owns 22,070 shares of the company’s stock, valued at approximately $497,678.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew J. Hart sold 6,955 shares of the business’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $31.44, for a total value of $218,665.20. Following the sale, the director now owns 34,340 shares in the company, valued at approximately $1,079,649.60. The disclosure for this sale can be found here. Corporate insiders own 6.03% of the company’s stock.

American Homes 4 Rent Trading Up 0.4 %

Shares of AMH opened at $32.61 on Tuesday. American Homes 4 Rent has a 52-week low of $29.31 and a 52-week high of $43.89. The business’s fifty day moving average is $31.62 and its 200-day moving average is $33.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 54.35, a PEG ratio of 2.66 and a beta of 0.60.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.21%. American Homes 4 Rent’s payout ratio is 120.00%.

About American Homes 4 Rent

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMHGet Rating).

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.