Van ECK Associates Corp Has $4.58 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Van ECK Associates Corp raised its position in American Homes 4 Rent (NYSE:AMH) by 14.8% during the fourth quarter, Holdings Channel reports. The firm owned 127,271 shares of the real estate investment trust’s stock after purchasing an additional 16,405 shares during the period. Van ECK Associates Corp’s holdings in American Homes 4 Rent were worth $4,577,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMH. Cambridge Investment Research Advisors Inc. lifted its holdings in American Homes 4 Rent by 48.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 29,438 shares of the real estate investment trust’s stock valued at $992,000 after buying an additional 9,612 shares during the period. Xponance Inc. lifted its stake in shares of American Homes 4 Rent by 6.1% in the 3rd quarter. Xponance Inc. now owns 12,485 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 716 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American Homes 4 Rent by 14.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,801 shares of the real estate investment trust’s stock valued at $10,404,000 after purchasing an additional 38,056 shares in the last quarter. Castleview Partners LLC grew its stake in American Homes 4 Rent by 2,540.0% during the third 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 during the period. Finally, Strs Ohio increased its holdings in American Homes 4 Rent by 9.1% in the third quarter. Strs Ohio now owns 1,668,447 shares of the real estate investment trust’s stock worth $56,209,000 after purchasing an additional 139,711 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the subject of several recent analyst reports. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reaffirmed 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. Mizuho increased their price objective 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. Citigroup upgraded 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 research note on Friday, March 22nd. Finally, BNP Paribas started coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They set an “outperform” rating and a $42.00 price target on the stock. One 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, the stock has an average rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Trading Down 1.8 %

NYSE AMH opened at $35.76 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $35.50. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97. The firm has a market capitalization of $13.09 billion, a P/E ratio of 36.49, a PEG ratio of 2.75 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.02%. The firm had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. During the same quarter in the prior year, the company earned $0.41 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is presently 106.12%.

Insider Activity

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 transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Bryan Smith sold 50,000 shares of the company’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 transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. 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 over the last three months. Corporate insiders own 6.32% of the company’s stock.

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.