American Homes 4 Rent (NYSE:AMH) Stake Raised by Manning & Napier Group LLC

Manning & Napier Group LLC boosted its holdings in American Homes 4 Rent (NYSE:AMHFree Report) by 59.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,372 shares of the real estate investment trust’s stock after acquiring an additional 64,131 shares during the quarter. Manning & Napier Group LLC’s holdings in American Homes 4 Rent were worth $6,198,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. VisionPoint Advisory Group LLC acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at $26,000. Blue Trust Inc. boosted its position in shares of American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 873 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of American Homes 4 Rent in the 1st quarter worth approximately $33,000. Castleview Partners LLC raised its holdings in shares of American Homes 4 Rent by 2,540.0% in the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Quarry LP acquired a new stake in American Homes 4 Rent during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. 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, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on AMH shares. Raymond James lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of American Homes 4 Rent in a research note on Tuesday, January 30th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average price target of $39.67.

View Our Latest Research Report on American Homes 4 Rent

American Homes 4 Rent Stock Up 1.5 %

AMH stock opened at $36.78 on Friday. The company has a 50 day moving average of $35.68 and a two-hundred day moving average of $35.30. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 12-month low of $29.85 and a 12-month high of $37.97. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 2.78 and a beta of 0.70.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.83%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s dividend payout ratio is currently 104.00%.

About American Homes 4 Rent

(Free Report)

AMH (NYSE: AMH) is a leading large-scale integrated 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. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.

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

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