State of Alaska Department of Revenue cut its holdings in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) by 3.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 148,541 shares of the real estate investment trust's stock after selling 5,260 shares during the period. State of Alaska Department of Revenue's holdings in American Homes 4 Rent were worth $5,264,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank N A MO purchased a new stake in American Homes 4 Rent during the first quarter valued at approximately $27,000. Allworth Financial LP purchased a new stake in American Homes 4 Rent during the first quarter valued at approximately $32,000. AdvisorNet Financial Inc lifted its position in American Homes 4 Rent by 253.2% during the second quarter. AdvisorNet Financial Inc now owns 1,116 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 800 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in American Homes 4 Rent during the first quarter valued at approximately $76,000. Finally, Signaturefd LLC lifted its position in American Homes 4 Rent by 148.6% during the first quarter. Signaturefd LLC now owns 2,031 shares of the real estate investment trust's stock valued at $81,000 after acquiring an additional 1,214 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.
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Insider Activity at American Homes 4 Rent
In other news, Director Tamara Hughes Gustavson purchased 281,695 shares of the company's stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the completion of the transaction, the director now owns 269,470 shares in the company, valued at $9,808,708. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Bryan Smith sold 5,519 shares of American Homes 4 Rent stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $35.67, for a total value of $196,862.73. Following the sale, the chief operating officer now owns 81,287 shares in the company, valued at $2,899,507.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tamara Hughes Gustavson bought 281,695 shares of the company's stock in a transaction dated Wednesday, September 7th. The stock was bought at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the transaction, the director now owns 269,470 shares of the company's stock, valued at $9,808,708. The disclosure for this purchase can be found here. 6.03% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
AMH has been the subject of a number of analyst reports. Capital One Financial started coverage on shares of American Homes 4 Rent in a research report on Friday, July 8th. They set an "overweight" rating and a $43.00 target price for the company. Mizuho decreased their price target on shares of American Homes 4 Rent from $44.00 to $42.00 and set a "buy" rating for the company in a report on Wednesday, July 6th. Morgan Stanley raised their price target on shares of American Homes 4 Rent from $37.50 to $39.00 and gave the stock an "equal weight" rating in a report on Thursday, August 25th. Oppenheimer started coverage on shares of American Homes 4 Rent in a report on Monday, July 18th. They issued a "market perform" rating and a $35.00 price target for the company. Finally, Evercore ISI decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus price target of $42.07.
American Homes 4 Rent Stock Down 3.3 %
NYSE:AMH opened at $34.26 on Wednesday. The firm has a market capitalization of $11.94 billion, a P/E ratio of 60.11, a PEG ratio of 3.26 and a beta of 0.60. American Homes 4 Rent has a 1-year low of $32.60 and a 1-year high of $44.07. The company's fifty day moving average price is $36.61 and its 200-day moving average price is $37.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.22). The business had revenue of $361.90 million during the quarter, compared to analyst estimates of $362.35 million. American Homes 4 Rent had a return on equity of 3.46% and a net margin of 15.67%. The firm's revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.56 EPS for the current year.
American Homes 4 Rent Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.72 annualized dividend and a yield of 2.10%. American Homes 4 Rent's dividend payout ratio is presently 126.32%.
American Homes 4 Rent Company Profile
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American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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