Vanguard Personalized Indexing Management LLC Purchases 1,023 Shares of American Homes 4 Rent (NYSE:AMH)

Vanguard Personalized Indexing Management LLC grew its position in shares of American Homes 4 Rent (NYSE:AMH) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,582 shares of the real estate investment trust’s stock after acquiring an additional 1,023 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Homes 4 Rent were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Belpointe Asset Management LLC bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $37,000. Compagnie Lombard Odier SCmA bought a new position in American Homes 4 Rent in the fourth quarter worth about $37,000. Signaturefd LLC raised its stake in American Homes 4 Rent by 50.7% in the first quarter. Signaturefd LLC now owns 1,355 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 456 shares in the last quarter. Bellwether Advisors LLC bought a new position in American Homes 4 Rent in the fourth quarter worth about $43,000. Finally, CWM LLC raised its stake in American Homes 4 Rent by 25.5% in the first quarter. CWM LLC now owns 1,753 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 356 shares in the last quarter. 83.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the topic of a number of recent research reports. VNET Group restated a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. StockNews.com initiated coverage on shares of American Homes 4 Rent in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Mizuho upped their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 in a report on Friday, May 19th. Citigroup upped their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, July 14th. Finally, Raymond James upped their price objective on shares of American Homes 4 Rent from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $36.84.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $22.82 per share, for a total transaction of $45,640.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $182,560. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other American Homes 4 Rent news, Director Douglas N. Benham purchased 2,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $22.82 per share, for a total transaction of $45,640.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $182,560. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian Reitz sold 1,800 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $37.47, for a total transaction of $67,446.00. Following the completion of the transaction, the chief accounting officer now owns 36,210 shares in the company, valued at $1,356,788.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,800 shares of company stock worth $1,823,696. Company insiders own 6.03% of the company’s stock.

American Homes 4 Rent Trading Down 0.5 %

Shares of AMH stock opened at $36.04 on Friday. American Homes 4 Rent has a 12-month low of $28.78 and a 12-month high of $37.97. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $35.94 and its 200 day moving average is $33.90. The stock has a market capitalization of $13.05 billion, a P/E ratio of 36.91, a P/E/G ratio of 3.41 and a beta of 0.68.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.44%. American Homes 4 Rent’s payout ratio is presently 89.80%.

American Homes 4 Rent Profile

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.