American Homes 4 Rent (NYSE:AMH) Shares Acquired by Cwm LLC

Cwm LLC increased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 49.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,871 shares of the real estate investment trust’s stock after purchasing an additional 951 shares during the quarter. Cwm LLC’s holdings in American Homes 4 Rent were worth $103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMH. Vanguard Group Inc. raised 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 during the period. 59 North Capital Management LP grew its stake in shares of American Homes 4 Rent by 53.8% in the third 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 buying an additional 804,235 shares in the last quarter. American Century Companies Inc. raised its holdings 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 buying an additional 372,987 shares during the period. Ranger Global Real Estate Advisors LLC lifted its stake in American Homes 4 Rent by 343.7% during the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 464,039 shares of the real estate investment trust’s stock worth $15,633,000 after acquiring an additional 359,456 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in American Homes 4 Rent by 16.3% during 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 during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.9 %

AMH stock opened at $36.07 on Tuesday. The company’s 50 day moving average is $36.11 and its two-hundred day moving average is $35.52. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock has a market cap of $13.21 billion, a P/E ratio of 36.81, a PEG ratio of 2.75 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. American Homes 4 Rent’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Research analysts expect that American Homes 4 Rent will post 1.73 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Analysts Set New Price Targets

AMH has been the topic of several research reports. BNP Paribas initiated 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 on the stock. Raymond James boosted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price objective on the stock. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, 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 report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Insider Transactions at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent 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 transaction, the director now directly owns 41,336 shares in the company, valued at approximately $1,519,511.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,263 shares of company stock worth $2,212,078. Insiders own 6.05% of the company’s stock.

About American Homes 4 Rent

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.