NewEdge Wealth LLC Increases Stake in American Homes 4 Rent (NYSE:AMH)

NewEdge Wealth LLC raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 95.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,085 shares of the real estate investment trust’s stock after acquiring an additional 6,861 shares during the quarter. NewEdge Wealth LLC’s holdings in American Homes 4 Rent were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of American Homes 4 Rent by 2.3% in the third quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock valued at $1,495,819,000 after purchasing an additional 1,011,707 shares during the period. BlackRock Inc. raised its holdings in American Homes 4 Rent by 1.4% during the 1st quarter. BlackRock Inc. now owns 23,793,868 shares of the real estate investment trust’s stock valued at $748,317,000 after acquiring an additional 325,059 shares during the period. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $619,235,000. Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 0.3% during the third quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust’s stock worth $570,509,000 after acquiring an additional 47,729 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of American Homes 4 Rent by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 16,387,078 shares of the real estate investment trust’s stock worth $515,374,000 after acquiring an additional 345,290 shares during the period. Institutional investors own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other news, COO Bryan Smith sold 50,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now directly owns 41,336 shares in the company, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Insiders have sold a total of 60,263 shares of company stock valued at $2,212,078 over the last 90 days. 6.05% of the stock is owned by insiders.

American Homes 4 Rent Price Performance

AMH stock opened at $34.68 on Wednesday. The firm has a 50 day simple moving average of $35.84 and a two-hundred day simple moving average of $35.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market cap of $12.70 billion, a PE ratio of 34.68, a P/E/G ratio of 2.73 and a beta of 0.70. American Homes 4 Rent has a one year low of $31.36 and a one year high of $37.97.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 3.00%. American Homes 4 Rent’s payout ratio is 104.00%.

Wall Street Analyst Weigh In

AMH has been the topic of a number of analyst reports. BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They set an “outperform” rating and a $42.00 price objective on the stock. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their price target for the company from $34.00 to $41.00 in a research report on Tuesday, January 2nd. Mizuho raised their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Profile

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.