Teacher Retirement System of Texas Sells 55,461 Shares of American Homes 4 Rent (NYSE:AMH)

Teacher Retirement System of Texas decreased its position in American Homes 4 Rent (NYSE:AMHFree Report) by 23.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 178,128 shares of the real estate investment trust’s stock after selling 55,461 shares during the quarter. Teacher Retirement System of Texas’ holdings in American Homes 4 Rent were worth $6,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in American Homes 4 Rent during the 3rd quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 873 shares during the period. Tobam boosted its stake in American Homes 4 Rent by 2,192.9% in the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 921 shares during the last quarter. GAMMA Investing LLC acquired a new stake in American Homes 4 Rent during the 4th quarter worth $44,000. Finally, Capital Analysts LLC raised its position in shares of American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 528 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $35.92 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.76 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. The stock’s 50-day moving average is $36.07 and its 200-day moving average is $35.63.

American Homes 4 Rent (NYSE:AMHGet Free Report) last released its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). The firm had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Equities analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Raymond James lifted their price objective 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. Mizuho upped their target price 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. BNP Paribas began coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.62.

Read Our Latest Stock Report on AMH

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, 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 transaction of $106,590.00. Following 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, Director Matthew J. Hart sold 7,263 shares of the firm’s 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 completion of the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The disclosure for this sale can be found here. In the last three months, insiders have acquired 14,476 shares of company stock worth $331,919 and have sold 60,263 shares worth $2,212,078. Company insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMHFree Report).

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.