Foresight Group Ltd Liability Partnership Lowers Holdings in American Homes 4 Rent (NYSE:AMH)

Foresight Group Ltd Liability Partnership reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,636 shares of the real estate investment trust’s stock after selling 11,711 shares during the quarter. American Homes 4 Rent comprises approximately 1.4% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 13th largest position. Foresight Group Ltd Liability Partnership’s holdings in American Homes 4 Rent were worth $2,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in American Homes 4 Rent by 2,150.3% during the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after acquiring an additional 1,849,020 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of American Homes 4 Rent by 783.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after purchasing an additional 981,872 shares in the last quarter. FMR LLC increased its holdings in shares of American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares during the last quarter. Marshall Wace LLP bought a new position in American Homes 4 Rent during the second quarter valued at approximately $17,367,000. Finally, Masterton Capital Management LP purchased a new position in American Homes 4 Rent during the 2nd quarter valued at approximately $12,853,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.3 %

AMH stock opened at $34.87 on Friday. The firm has a 50 day moving average of $37.08 and a 200 day moving average of $37.64. The stock has a market capitalization of $12.88 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to analyst estimates 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 was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.98%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMH shares. JMP Securities reiterated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday. Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Barclays started coverage on American Homes 4 Rent in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 target price on the stock. Finally, StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.40.

Insider Transactions at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 3,286 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value 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 $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.05% of the company’s stock.

American Homes 4 Rent 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.