Caprock Group LLC Takes Position in American Homes 4 Rent $AMH

Caprock Group LLC acquired a new position in American Homes 4 Rent (NYSE:AMH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,680 shares of the real estate investment trust’s stock, valued at approximately $777,000.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its holdings in American Homes 4 Rent by 10,728.6% during 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 acquiring an additional 751 shares during the period. Hantz Financial Services Inc. raised its stake in American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 747 shares during the period. AlphaQuest LLC purchased a new position in American Homes 4 Rent in the 2nd quarter worth approximately $33,000. SJS Investment Consulting Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter worth approximately $43,000. Finally, Rakuten Investment Management Inc. bought a new position in American Homes 4 Rent in the 3rd quarter worth approximately $47,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $31.60 on Tuesday. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The stock has a market cap of $11.73 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.01 and a beta of 0.80. The business has a 50-day simple moving average of $31.49 and a 200-day simple moving average of $32.63.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.33 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. American Homes 4 Rent’s dividend payout ratio is 101.69%.

Insiders Place Their Bets

In related news, Director Douglas N. Benham bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average cost of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack E. Corrigan purchased 5,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the transaction, the director owned 17,300 shares in the company, valued at approximately $397,208. This trade represents a 40.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 6.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMH. Mizuho reaffirmed a “neutral” rating and issued a $32.00 target price (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Monday, December 15th. UBS Group cut their price objective on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Finally, Barclays cut their price target on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.44.

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.