66,000 Shares in American Homes 4 Rent (NYSE:AMH) Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 66,000 shares of the real estate investment trust’s stock, valued at approximately $2,427,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of American Homes 4 Rent during the fourth quarter worth about $789,947,000. Cohen & Steers Inc. raised its holdings in shares of 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 last quarter. Balyasny Asset Management L.P. boosted its position in shares of 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 period. Goldman Sachs Group Inc. grew its holdings in American Homes 4 Rent by 80.1% in the 4th 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 in the last quarter. Finally, Vanguard Group Inc. grew its holdings in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMH has been the subject of a number of analyst reports. Barclays reduced their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Scotiabank lifted their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Evercore ISI increased their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of 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. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.73.

Insiders Place Their Bets

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

American Homes 4 Rent Trading Up 1.5 %

Shares of NYSE AMH traded up $0.52 during mid-day trading on Friday, hitting $35.39. 3,001,803 shares of the company traded hands, compared to its average volume of 2,223,639. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.98 and a beta of 0.74. The business has a 50 day moving average of $36.26 and a two-hundred day moving average of $35.94.

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

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is 106.12%.

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.