State of Alaska Department of Revenue Increases Position in American Homes 4 Rent (NYSE:AMH)

State of Alaska Department of Revenue increased its holdings in American Homes 4 Rent (NYSE:AMH) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,354 shares of the real estate investment trust’s stock after acquiring an additional 35,030 shares during the period. State of Alaska Department of Revenue’s holdings in American Homes 4 Rent were worth $7,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in American Homes 4 Rent in the 4th quarter valued at $789,947,000. Cohen & Steers Inc. grew its position in American Homes 4 Rent by 41.0% during the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after buying an additional 2,575,854 shares during the period. Balyasny Asset Management L.P. increased its holdings in American Homes 4 Rent by 180.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after buying an additional 1,679,846 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in American Homes 4 Rent by 80.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after buying an additional 1,574,295 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in American Homes 4 Rent by 2.3% in the third quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock worth $1,495,819,000 after acquiring an additional 1,011,707 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the acquisition, the director now owns 37,997 shares of the company’s stock, valued at $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jack E. Corrigan acquired 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $22.78 per share, with a total value of $227,800.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the transaction, the director now directly owns 37,997 shares of the company’s stock, valued at approximately $873,931. The disclosure for this purchase can be found here. Corporate insiders own 6.05% of the company’s stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $0.03 during midday trading on Wednesday, reaching $37.31. 914,557 shares of the stock were exchanged, compared to its average volume of 2,849,648. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $13.67 billion, a PE ratio of 38.07, a PEG ratio of 3.13 and a beta of 0.74. The company’s fifty day moving average is $36.14 and its 200-day moving average is $35.87.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.26 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.79%. American Homes 4 Rent’s payout ratio is currently 106.12%.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, May 13th. Mizuho raised their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Scotiabank upped their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Raymond James lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.53.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.