American Homes 4 Rent (NYSE:AMH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in American Homes 4 Rent (NYSE:AMH) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,674 shares of the real estate investment trust’s stock after selling 32,337 shares during the period. New York State Common Retirement Fund’s holdings in American Homes 4 Rent were worth $9,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new stake in American Homes 4 Rent in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. raised its stake 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 worth $32,000 after buying an additional 873 shares in the last quarter. Tobam lifted its holdings in shares of American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 921 shares during the period. Castleview Partners LLC boosted its stake in shares of American Homes 4 Rent by 2,540.0% in the third quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,143 shares in the last quarter. Finally, Capital Analysts LLC grew its holdings in American Homes 4 Rent by 58.1% during the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 528 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $41.00 in a report on Friday, March 22nd. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Mizuho upped their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. BNP Paribas started coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price target for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Insider Buying and Selling

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction on 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 directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $36.76, for a total value 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. In the last quarter, insiders sold 60,263 shares of company stock worth $2,212,078. 6.05% of the stock is owned by corporate insiders.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.92 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. The business’s fifty day moving average price is $36.06 and its two-hundred day moving average price is $35.48. The stock has a market cap of $13.15 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 2.77 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 disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 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.