American Homes 4 Rent (NYSE:AMH) Holdings Increased by Sei Investments Co.

Sei Investments Co. lifted its stake in American Homes 4 Rent (NYSE:AMHFree Report) by 3.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,387,114 shares of the real estate investment trust’s stock after purchasing an additional 48,399 shares during the quarter. Sei Investments Co.’s holdings in American Homes 4 Rent were worth $49,881,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. VisionPoint Advisory Group LLC acquired a new stake in American Homes 4 Rent in the third quarter worth approximately $26,000. Blue Trust Inc. boosted its stake 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 valued at $32,000 after purchasing an additional 873 shares in the last quarter. Tobam raised its stake in shares of American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at $44,000. Finally, Capital Analysts LLC boosted its stake in American Homes 4 Rent by 58.1% during the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 528 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.69 on Tuesday. The company’s fifty day moving average is $35.95 and its two-hundred day moving average is $35.82. The company has a market cap of $13.07 billion, a P/E ratio of 36.42, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month 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.

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

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Analysts Set New Price Targets

Several equities research analysts have commented on AMH shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. Barclays dropped their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Raymond James increased their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.64.

Read Our Latest Analysis on American Homes 4 Rent

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $22.78 per share, with a total value of $227,800.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jack E. Corrigan bought 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $22.78 per share, with a total value of $227,800.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $227,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares in the company, valued at $873,931. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMHFree Report).

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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