1,228 Shares in American Homes 4 Rent (NYSE:AMH) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,228 shares of the real estate investment trust’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 696.7% in the third quarter. Bessemer Group Inc. now owns 956 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 836 shares during the last quarter. Tobam acquired a new position in American Homes 4 Rent in the fourth quarter valued at approximately $33,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in American Homes 4 Rent in the third quarter valued at approximately $36,000. Neo Ivy Capital Management acquired a new position in American Homes 4 Rent in the third quarter valued at approximately $45,000. Finally, Signaturefd LLC lifted its holdings in American Homes 4 Rent by 50.2% in the third quarter. Signaturefd LLC now owns 2,281 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 762 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $33.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $11.99 billion, a P/E ratio of 38.10, a PEG ratio of 2.99 and a beta of 0.67. The firm has a fifty day moving average of $32.56 and a 200-day moving average of $32.17. American Homes 4 Rent has a 52-week low of $28.78 and a 52-week high of $38.94.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.15%.

Analyst Ratings Changes

A number of analysts have issued reports on AMH shares. Barclays boosted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, March 15th. StockNews.com started coverage on American Homes 4 Rent in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Wells Fargo & Company initiated coverage on American Homes 4 Rent in a research report on Wednesday, March 29th. They set an “equal weight” rating and a $31.00 price objective on the stock. JMP Securities dropped their target price on American Homes 4 Rent from $42.00 to $38.00 and set a “market perform” rating on the stock in a report on Tuesday, February 28th. Finally, Mizuho upped their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.62.

Insider Activity

In other news, COO Bryan Smith sold 25,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the transaction, the chief operating officer now directly owns 94,478 shares in the company, valued at $3,306,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Bryan Smith sold 25,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the transaction, the chief operating officer now owns 94,478 shares in the company, valued at $3,306,730. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sara H. Vogt-Lowell sold 8,789 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $34.88, for a total value of $306,560.32. Following the completion of the transaction, the insider now directly owns 62,879 shares of the company’s stock, valued at approximately $2,193,219.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 3,702 shares of company stock worth $88,378 and have sold 55,070 shares worth $1,862,912. Insiders own 6.32% of the company’s stock.

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.