Price T Rowe Associates Inc. MD Buys 507,307 Shares of American Homes 4 Rent (NYSE:AMH)

Price T Rowe Associates Inc. MD lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,830,756 shares of the real estate investment trust’s stock after acquiring an additional 507,307 shares during the period. Price T Rowe Associates Inc. MD’s holdings in American Homes 4 Rent were worth $324,798,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMH. Norges Bank acquired a new position in American Homes 4 Rent during the fourth quarter worth $789,947,000. Cohen & Steers Inc. boosted its holdings 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 worth $318,755,000 after purchasing an additional 2,575,854 shares during the last quarter. Balyasny Asset Management L.P. boosted 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 purchasing an additional 1,679,846 shares during the last quarter. Goldman Sachs Group Inc. boosted 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 purchasing an additional 1,574,295 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

AMH stock traded up $0.52 during mid-day trading on Friday, hitting $35.39. The stock had a trading volume of 3,001,803 shares, compared to its average volume of 2,223,639. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97. The firm has a market capitalization of $12.96 billion, a P/E ratio of 36.11, a P/E/G ratio of 2.98 and a beta of 0.74. The firm has a fifty day simple moving average of $36.26 and a 200 day simple moving average of $35.94.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $421.28 million. During the same period in the prior year, the business earned $0.41 earnings per share. American Homes 4 Rent’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Insider Activity at American Homes 4 Rent

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMH shares. Keefe, Bruyette & Woods increased their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Scotiabank raised their target price on shares of 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, Evercore ISI raised their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Six 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, the company currently has an average rating of “Moderate Buy” and an average target price of $39.73.

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.