California Public Employees Retirement System Sells 10,349 Shares of American Homes 4 Rent (NYSE:AMH)

California Public Employees Retirement System lowered its stake in American Homes 4 Rent (NYSE:AMH) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 593,972 shares of the real estate investment trust’s stock after selling 10,349 shares during the quarter. California Public Employees Retirement System’s holdings in American Homes 4 Rent were worth $21,359,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMH. Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 2.3% in the 3rd 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 acquiring an additional 1,011,707 shares in the last quarter. 59 North Capital Management LP increased its stake in shares of American Homes 4 Rent by 53.8% in the 3rd quarter. 59 North Capital Management LP now owns 2,300,256 shares of the real estate investment trust’s stock valued at $77,496,000 after acquiring an additional 804,235 shares in the last quarter. American Century Companies Inc. increased its stake in shares of American Homes 4 Rent by 31.2% in the 3rd quarter. American Century Companies Inc. now owns 1,569,772 shares of the real estate investment trust’s stock valued at $52,886,000 after acquiring an additional 372,987 shares in the last quarter. Ranger Global Real Estate Advisors LLC increased its stake in shares of American Homes 4 Rent by 343.7% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 464,039 shares of the real estate investment trust’s stock valued at $15,633,000 after acquiring an additional 359,456 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of American Homes 4 Rent by 16.3% in the 3rd quarter. Northern Trust Corp now owns 2,383,543 shares of the real estate investment trust’s stock valued at $80,302,000 after acquiring an additional 333,497 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $41.00 in a research note on Tuesday, January 2nd. Mizuho boosted their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Raymond James boosted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price target for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. Finally, StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Insider Buying and Selling

In related news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were 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 of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were 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 of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Smith sold 50,000 shares of the business’s 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 completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $36.41 on Monday. The company has a fifty day moving average price of $35.97 and a 200-day moving average price of $35.46. 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 firm has a market cap of $13.33 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 2.80 and a beta of 0.70. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s payout ratio is 104.00%.

American Homes 4 Rent Company 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.