Cwm LLC lifted its holdings in American Homes 4 Rent (NYSE:AMH – Free Report) by 1,262.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 102,565 shares of the real estate investment trust’s stock after acquiring an additional 95,037 shares during the quarter. Cwm LLC’s holdings in American Homes 4 Rent were worth $3,292,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its stake in American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares during the period. True Wealth Design LLC boosted its stake in shares of American Homes 4 Rent by 230.8% during the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 577 shares during the period. Parallel Advisors LLC grew its holdings in shares of American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent in the fourth quarter worth $37,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of American Homes 4 Rent in the third quarter worth $43,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.
American Homes 4 Rent Stock Up 1.4%
Shares of American Homes 4 Rent stock opened at $30.62 on Friday. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $39.49. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 4.35 and a beta of 0.79. The company has a 50-day moving average of $29.43 and a 200 day moving average of $31.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.63.
American Homes 4 Rent Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.33 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, March 13th. American Homes 4 Rent’s dividend payout ratio is 111.86%.
Insider Buying and Selling
In other American Homes 4 Rent news, Director David Goldberg purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the purchase, the director directly owned 36,723 shares of the company’s stock, valued at $1,075,983.90. The trade was a 5.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas N. Benham bought 1,200 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average price of $24.20 per share, for a total transaction of $29,040.00. Following the completion of the transaction, the director directly owned 44,717 shares of the company’s stock, valued at $1,082,151.40. This represents a 2.76% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 6,771 shares of company stock valued at $183,684. 5.70% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on AMH. Wall Street Zen downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Sunday, January 18th. Mizuho cut their target price on American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. BMO Capital Markets restated a “market perform” rating and set a $37.00 price target on shares of American Homes 4 Rent in a report on Friday, January 9th. UBS Group lowered their price target on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Wells Fargo & Company cut their price objective on American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.21.
Get Our Latest Stock Report on AMH
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
Further Reading
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