Texas Permanent School Fund Corp Takes Position in American Homes 4 Rent (NYSE:AMH)

Texas Permanent School Fund Corp acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 278,354 shares of the real estate investment trust’s stock, valued at approximately $10,238,000. Texas Permanent School Fund Corp owned 0.08% of American Homes 4 Rent at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Easterly Investment Partners LLC bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at approximately $4,644,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of American Homes 4 Rent by 17.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 128,610 shares of the real estate investment trust’s stock valued at $4,730,000 after acquiring an additional 18,818 shares during the period. Mutual of America Capital Management LLC bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at approximately $6,970,000. Daiwa Securities Group Inc. grew its stake in shares of American Homes 4 Rent by 5.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 124,363 shares of the real estate investment trust’s stock valued at $4,574,000 after acquiring an additional 6,940 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of American Homes 4 Rent by 8.9% during the 1st quarter. Nordea Investment Management AB now owns 22,390 shares of the real estate investment trust’s stock valued at $822,000 after acquiring an additional 1,822 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 3,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Jack E. Corrigan bought 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $227,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas N. Benham purchased 3,500 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. upped their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Evercore ISI upped their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday. Scotiabank upped their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Finally, Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and an average target price of $39.73.

American Homes 4 Rent Stock Down 0.5 %

AMH traded down $0.19 during trading on Friday, hitting $36.36. The stock had a trading volume of 61,351 shares, compared to its average volume of 2,787,845. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The stock has a 50 day simple moving average of $36.31 and a two-hundred day simple moving average of $35.93. 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 company has a market capitalization of $13.32 billion, a PE ratio of 37.31, a PEG ratio of 3.14 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) 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 business had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.86%. American Homes 4 Rent’s payout ratio is 106.12%.

American Homes 4 Rent Company Profile

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.