Stifel Financial Corp Sells 10,798 Shares of American Homes 4 Rent (NYSE:AMH)

Stifel Financial Corp trimmed its position in American Homes 4 Rent (NYSE:AMH) by 17.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,809 shares of the real estate investment trust’s stock after selling 10,798 shares during the quarter. Stifel Financial Corp’s holdings in American Homes 4 Rent were worth $1,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its holdings in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares in the last quarter. Creative Planning lifted its stake in American Homes 4 Rent by 2.4% in the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares during the last quarter. US Bancorp DE boosted its position in American Homes 4 Rent by 3.3% in the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 478 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of American Homes 4 Rent by 19.9% during the third quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 596 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $36.06 on Friday. The business has a 50-day simple moving average of $37.48 and a 200 day simple moving average of $37.60. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 3.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period in the previous year, the company earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.88%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMH shares. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Barclays started coverage on American Homes 4 Rent in a report on Tuesday. They set an “equal weight” rating and a $39.00 target price on the stock. Finally, Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.38.

Insiders Place Their Bets

In other news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.32% 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.