State of Alaska Department of Revenue Sells 1,057 Shares of American Homes 4 Rent (NYSE:AMH)

State of Alaska Department of Revenue lowered its stake in American Homes 4 Rent (NYSE:AMHFree Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,324 shares of the real estate investment trust’s stock after selling 1,057 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Homes 4 Rent were worth $5,692,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Chilton Capital Management LLC lifted its stake in shares of American Homes 4 Rent by 7.1% in the 4th quarter. Chilton Capital Management LLC now owns 487,629 shares of the real estate investment trust’s stock valued at $17,535,000 after acquiring an additional 32,441 shares during the last quarter. Blue Trust Inc. increased its holdings in American Homes 4 Rent by 1,091.3% in the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 873 shares in the last quarter. Tectonic Advisors LLC raised its position in American Homes 4 Rent by 4.2% in the fourth quarter. Tectonic Advisors LLC now owns 119,490 shares of the real estate investment trust’s stock valued at $4,297,000 after purchasing an additional 4,793 shares during the last quarter. Raymond James & Associates boosted its stake in shares of American Homes 4 Rent by 5.2% during the fourth quarter. Raymond James & Associates now owns 270,124 shares of the real estate investment trust’s stock valued at $9,714,000 after purchasing an additional 13,406 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of American Homes 4 Rent by 37.3% during the fourth quarter. SG Americas Securities LLC now owns 40,632 shares of the real estate investment trust’s stock worth $1,461,000 after purchasing an additional 11,030 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of research reports. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They set a “buy” rating and a $40.00 price target on the stock. BNP Paribas began coverage on shares of American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price objective on the stock. Raymond James raised their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Get Our Latest Research Report on AMH

American Homes 4 Rent Stock Up 1.5 %

Shares of NYSE:AMH opened at $36.78 on Monday. The business’s 50-day moving average is $35.68 and its 200-day moving average is $35.29. American Homes 4 Rent has a 1 year low of $29.85 and a 1 year high of $37.97. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 2.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46.

American Homes 4 Rent Increases Dividend

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

Insider Transactions at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 in the last quarter. 6.32% of the stock is currently owned by company insiders.

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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