Handelsbanken Fonder AB Purchases 6,000 Shares of American Homes 4 Rent (NYSE:AMH)

Handelsbanken Fonder AB lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 11.3% in the 4th quarter, Holdings Channel reports. The fund owned 58,992 shares of the real estate investment trust’s stock after buying an additional 6,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in American Homes 4 Rent were worth $2,121,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new stake in American Homes 4 Rent during the 3rd quarter worth about $26,000. Blue Trust Inc. lifted its holdings in American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 873 shares in the last quarter. Tobam lifted its holdings in American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 921 shares in the last quarter. Castleview Partners LLC lifted its holdings in American Homes 4 Rent by 2,540.0% during the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Capital Analysts LLC lifted its holdings in American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 528 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $36.38 on Friday. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.73 and a beta of 0.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97. The stock’s 50-day moving average is $35.94 and its 200 day moving average is $35.44.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. 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. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 104.00%.

Insider Activity at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was 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 in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,263 shares of company stock valued at $2,212,078. Corporate insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of recent research reports. Jefferies Financial Group raised American Homes 4 Rent from a “hold” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $41.00 in a report on Tuesday, January 2nd. Raymond James increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $41.00 in a report on Friday, March 22nd. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.67.

American Homes 4 Rent Company 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.