American Homes 4 Rent (NYSE:AMH) CFO Christopher Lau Sells 13,281 Shares

American Homes 4 Rent (NYSE:AMH – Get Rating) CFO Christopher Lau sold 13,281 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $30.22, for a total value of $401,351.82. Following the completion of the transaction, the chief financial officer now owns 82,896 shares of the company’s stock, valued at approximately $2,505,117.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

American Homes 4 Rent Price Performance

AMH opened at $30.01 on Friday. The stock’s 50 day simple moving average is $32.45 and its 200 day simple moving average is $32.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. American Homes 4 Rent has a 1 year low of $29.10 and a 1 year high of $43.89. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 2.94 and a beta of 0.66.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $0.88 annualized dividend and a yield of 2.93%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.18. American Homes 4 Rent’s dividend payout ratio (DPR) is 123.94%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $619,235,000. B. Riley Wealth Advisors Inc. bought a new stake in American Homes 4 Rent during the fourth quarter valued at about $327,157,000. Price T Rowe Associates Inc. MD grew its holdings in American Homes 4 Rent by 5,494.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock valued at $172,808,000 after purchasing an additional 4,788,904 shares during the period. Centersquare Investment Management LLC grew its holdings in American Homes 4 Rent by 725.9% during the first quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after purchasing an additional 4,233,435 shares during the period. Finally, Vanguard Group Inc. grew its holdings in American Homes 4 Rent by 8.9% during the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after purchasing an additional 3,533,157 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMH. Morgan Stanley dropped their price target on American Homes 4 Rent from $39.00 to $31.50 and set an “equal weight” rating on the stock in a research report on Monday, December 12th. Scotiabank began coverage on American Homes 4 Rent in a research report on Tuesday, January 17th. They set a “sector outperform” rating and a $36.00 price target on the stock. The Goldman Sachs Group raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $39.00 in a research report on Thursday, December 8th. Raymond James cut American Homes 4 Rent from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, November 29th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $31.00 price target on shares of American Homes 4 Rent in a research report on Monday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.09.

American Homes 4 Rent Company Profile

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American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.