Envestnet Asset Management Inc. Sells 94,899 Shares of American Homes 4 Rent (NYSE:AMH)

Envestnet Asset Management Inc. decreased its position in American Homes 4 Rent (NYSE:AMH) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 372,859 shares of the real estate investment trust’s stock after selling 94,899 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of American Homes 4 Rent worth $14,098,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent during the fourth quarter worth $26,000. Golden State Wealth Management LLC bought a new position in American Homes 4 Rent during the first quarter worth $29,000. Parallel Advisors LLC increased its position in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 532 shares during the period. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent during the first quarter worth $42,000. Finally, Bellwether Advisors LLC bought a new position in American Homes 4 Rent during the fourth quarter worth $56,000. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Raymond James Financial boosted their target price on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Scotiabank boosted their target price on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Finally, Citigroup downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, June 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.90.

American Homes 4 Rent Stock Down 0.4%

Shares of NYSE:AMH opened at $36.14 on Friday. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The company’s fifty day moving average is $36.76 and its 200-day moving average is $36.28. The company has a market capitalization of $13.38 billion, a PE ratio of 33.46, a P/E/G ratio of 3.77 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.41% and a return on equity of 5.45%. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts predict 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.32%. American Homes 4 Rent’s payout ratio is 111.11%.

Insider Activity

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer owned 99,214 shares in the company, valued at $3,870,338.14. This represents a 29.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

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.