Cetera Investment Advisers Sells 2,238 Shares of American Homes 4 Rent (NYSE:AMH)

Cetera Investment Advisers lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,151 shares of the real estate investment trust’s stock after selling 2,238 shares during the quarter. Cetera Investment Advisers’ holdings in American Homes 4 Rent were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at $26,000. National Pension Service acquired a new position in American Homes 4 Rent in the fourth quarter valued at about $30,000. Jones Financial Companies Lllp raised its position in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares during the period. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.1%

AMH stock opened at $37.66 on Friday. The stock’s 50 day simple moving average is $37.01 and its 200 day simple moving average is $36.55. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market cap of $13.94 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. On average, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.19%. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMH shares. Keefe, Bruyette & Woods raised their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, May 6th. Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Royal Bank of Canada lifted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Morgan Stanley upped their target price on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Thursday. Finally, Mizuho reduced their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.89.

Insider Activity

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack E. Corrigan bought 4,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $281,040. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.