Caxton Associates LLP bought a new stake in American Homes 4 Rent (NYSE:AMH – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,925 shares of the real estate investment trust’s stock, valued at approximately $752,000.
Several other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its stake in American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 751 shares during the period. IFP Advisors Inc increased its holdings in shares of American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 441 shares during the last quarter. Parallel Advisors LLC raised its stake in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 442 shares during the period. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 70.3% during the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new position in American Homes 4 Rent during the fourth quarter worth $35,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.
American Homes 4 Rent Stock Performance
Shares of NYSE AMH opened at $33.43 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 4.50 and a beta of 0.79. The stock’s fifty day moving average price is $32.93 and its two-hundred day moving average price is $31.27. American Homes 4 Rent has a one year low of $27.22 and a one year high of $36.38.
American Homes 4 Rent Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. American Homes 4 Rent’s payout ratio is currently 107.32%.
Analyst Ratings Changes
Several equities analysts have commented on AMH shares. Mizuho upped their price objective on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of American Homes 4 Rent in a research note on Friday, June 26th. Weiss Ratings raised shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.47.
Get Our Latest Report on American Homes 4 Rent
Insider Transactions at American Homes 4 Rent
In other American Homes 4 Rent news, Director Jack E. Corrigan bought 2,041 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 5,000 shares of company stock valued at $117,024. Insiders own 5.70% of the company’s stock.
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.
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