Sei Investments Co. Increases Stake in American Homes 4 Rent (NYSE:AMH)

Sei Investments Co. boosted its stake in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,387,114 shares of the real estate investment trust’s stock after purchasing an additional 48,399 shares during the period. Sei Investments Co. owned approximately 0.38% of American Homes 4 Rent worth $49,881,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of American Homes 4 Rent during the third quarter worth $26,000. Blue Trust Inc. lifted its position in 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 acquiring an additional 873 shares during the period. Tobam grew its stake in American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 921 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at about $44,000. Finally, Capital Analysts LLC raised its stake in shares of American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 528 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $35.69 on Tuesday. The stock has a market capitalization of $13.07 billion, a P/E ratio of 36.42, a P/E/G ratio of 3.01 and a beta of 0.72. The company’s fifty day moving average price is $35.95 and its 200 day moving average price is $35.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97.

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 analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Insider Transactions at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan acquired 10,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Raymond James increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.64.

View Our Latest Stock Report on American Homes 4 Rent

American Homes 4 Rent Profile

(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.

Featured Stories

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.