Insider Selling: American Homes 4 Rent (NYSE:AMH) COO Sells $1,512,000.00 in Stock

American Homes 4 Rent (NYSE:AMH) COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

American Homes 4 Rent Trading Up 0.5 %

Shares of AMH stock opened at $37.94 on Friday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company’s fifty day simple moving average is $37.54 and its two-hundred day simple moving average is $37.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 3.29 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. As a group, analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of research analyst reports. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Scotiabank reiterated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. Mizuho raised their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.56.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC raised its position in shares of American Homes 4 Rent by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,674 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of American Homes 4 Rent by 64.4% in the 2nd quarter. SG Americas Securities LLC now owns 78,488 shares of the real estate investment trust’s stock worth $2,917,000 after purchasing an additional 30,750 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $32,000. Finally, Swedbank AB raised its holdings in shares of American Homes 4 Rent by 14.3% during the 2nd quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock valued at $14,864,000 after buying an additional 50,000 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.