Teachers Retirement System of The State of Kentucky Trims Stake in American Homes 4 Rent (NYSE:AMH)

Teachers Retirement System of The State of Kentucky cut its holdings in American Homes 4 Rent (NYSE:AMH) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,640 shares of the real estate investment trust’s stock after selling 2,820 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in American Homes 4 Rent were worth $4,362,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent in the 3rd quarter worth $25,000. UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the period. Assetmark Inc. lifted its position in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at approximately $44,000. Finally, V Square Quantitative Management LLC grew its stake in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares during the period. Institutional investors own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by insiders.

American Homes 4 Rent Trading Down 0.9 %

Shares of AMH opened at $37.37 on Friday. The stock has a market capitalization of $13.81 billion, a PE ratio of 38.93, a P/E/G ratio of 3.33 and a beta of 0.78. The company’s fifty day moving average is $37.52 and its 200 day moving average is $37.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Analysts Set New Price Targets

AMH has been the topic of several analyst reports. Mizuho lifted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. JMP Securities restated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday. Finally, Scotiabank reiterated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.56.

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.