Nisa Investment Advisors LLC Sells 13,497 Shares of American Homes 4 Rent (NYSE:AMH)

Nisa Investment Advisors LLC trimmed its position in American Homes 4 Rent (NYSE:AMH) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,493 shares of the real estate investment trust’s stock after selling 13,497 shares during the period. Nisa Investment Advisors LLC’s holdings in American Homes 4 Rent were worth $8,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMH. Asset Management One Co. Ltd. boosted its stake in American Homes 4 Rent by 2.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 719,112 shares of the real estate investment trust’s stock valued at $26,104,000 after purchasing an additional 19,812 shares during the last quarter. Arizona State Retirement System boosted its stake in American Homes 4 Rent by 0.8% during the 4th quarter. Arizona State Retirement System now owns 89,386 shares of the real estate investment trust’s stock valued at $3,214,000 after purchasing an additional 682 shares during the last quarter. Spirit of America Management Corp NY boosted its stake in American Homes 4 Rent by 92.8% during the 4th quarter. Spirit of America Management Corp NY now owns 34,800 shares of the real estate investment trust’s stock valued at $1,251,000 after purchasing an additional 16,750 shares during the last quarter. Fifth Third Bancorp boosted its stake in American Homes 4 Rent by 71.7% during the 4th quarter. Fifth Third Bancorp now owns 16,980 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 7,092 shares during the last quarter. Finally, Manning & Napier Group LLC boosted its stake in American Homes 4 Rent by 59.2% during the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock valued at $6,198,000 after purchasing an additional 64,131 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMH. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a “buy” rating and a $40.00 target price on the stock. Raymond James boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Mizuho boosted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $39.67.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock valued at $2,212,078 in the last 90 days. 6.32% of the stock is currently owned by company insiders.

American Homes 4 Rent Trading Down 0.0 %

Shares of AMH stock opened at $36.55 on Wednesday. The company’s fifty day simple moving average is $35.80 and its two-hundred day simple moving average is $35.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.77 and a beta of 0.70.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.85%. American Homes 4 Rent’s payout ratio is presently 104.00%.

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.