LPL Financial LLC Trims Position in American Homes 4 Rent (NYSE:AMH)

LPL Financial LLC cut its position in American Homes 4 Rent (NYSE:AMH – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,963 shares of the real estate investment trust’s stock after selling 4,811 shares during the period. LPL Financial LLC’s holdings in American Homes 4 Rent were worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of American Homes 4 Rent by 696.7% in the third quarter. Bessemer Group Inc. now owns 956 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 836 shares in the last quarter. Tobam purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth $33,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of American Homes 4 Rent in the third quarter worth $36,000. Neo Ivy Capital Management purchased a new stake in shares of American Homes 4 Rent in the third quarter worth $45,000. Finally, Signaturefd LLC increased its stake in shares of American Homes 4 Rent by 50.2% in the third quarter. Signaturefd LLC now owns 2,281 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 762 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.1 %

Shares of AMH opened at $33.75 on Friday. The firm has a market capitalization of $12.21 billion, a P/E ratio of 38.79, a P/E/G ratio of 3.05 and a beta of 0.67. American Homes 4 Rent has a 12-month low of $28.78 and a 12-month high of $38.94. The firm has a fifty day moving average price of $32.32 and a 200-day moving average price of $32.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.61%. American Homes 4 Rent’s dividend payout ratio is currently 101.15%.

Insider Transactions at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were bought at an average price of $23.35 per share, with a total value of $46,700.00. Following the completion of the purchase, the director now directly owns 8,440 shares in the company, valued at $197,074. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Bryan Smith sold 25,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the sale, the chief operating officer now directly owns 94,478 shares of the company’s stock, valued at $3,306,730. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham bought 2,000 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were acquired at an average price of $23.35 per share, for a total transaction of $46,700.00. Following the completion of the acquisition, the director now owns 8,440 shares in the company, valued at $197,074. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 55,070 shares of company stock valued at $1,862,912. 6.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer reaffirmed a “market perform” rating and set a $31.00 target price on shares of American Homes 4 Rent in a research note on Monday, March 6th. Wells Fargo & Company assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, March 29th. They set an “equal weight” rating and a $31.00 target price for the company. Barclays raised their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, March 15th. StockNews.com initiated coverage on shares of American Homes 4 Rent in a research note on Thursday. They set a “sell” rating for the company. Finally, Evercore ISI increased their price objective on shares of American Homes 4 Rent from $36.00 to $39.00 in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.62.

American Homes 4 Rent Profile

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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.