Jump Financial LLC Trims Position in American Homes 4 Rent (NYSE:AMH)

Jump Financial LLC cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 57.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,600 shares of the real estate investment trust’s stock after selling 10,380 shares during the quarter. Jump Financial LLC’s holdings in American Homes 4 Rent were worth $273,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. purchased a new position in American Homes 4 Rent during the 3rd quarter worth approximately $510,000. Scissortail Wealth Management LLC purchased a new position in American Homes 4 Rent during the 4th quarter worth approximately $801,000. Bank of Nova Scotia raised its position in American Homes 4 Rent by 18.1% during the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 1,183 shares during the last quarter. Manning & Napier Group LLC raised its position 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 worth $6,198,000 after buying an additional 64,131 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in American Homes 4 Rent by 100.0% during the 4th quarter. New York Life Investment Management LLC now owns 90,341 shares of the real estate investment trust’s stock worth $3,249,000 after buying an additional 45,179 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Matthew J. Hart sold 7,263 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Matthew J. Hart sold 7,263 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Douglas N. Benham purchased 3,500 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the transaction, the director now owns 37,997 shares in the company, valued at approximately $873,931. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 14,476 shares of company stock valued at $331,919. 6.32% of the stock is currently owned by insiders.

American Homes 4 Rent Trading Up 0.2 %

Shares of AMH opened at $36.13 on Monday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $36.04 and its two-hundred day moving average is $35.81. The stock has a market cap of $13.24 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 3.05 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The business had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.88%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent research reports. Mizuho lifted their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Scotiabank lifted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average price target of $39.71.

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.