American International Group Inc. Boosts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

American International Group Inc. boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 15,281.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 421,131 shares of the real estate investment trust’s stock after buying an additional 418,393 shares during the quarter. American International Group Inc. owned approximately 0.11% of American Homes 4 Rent worth $15,489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp purchased a new position in shares of American Homes 4 Rent during the 1st quarter worth $10,238,000. Mutual of America Capital Management LLC purchased a new stake in American Homes 4 Rent during the 1st quarter worth about $6,970,000. Los Angeles Capital Management LLC acquired a new position in shares of American Homes 4 Rent during the 1st quarter worth about $5,711,000. Scissortail Wealth Management LLC acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth about $801,000. Finally, Wells Fargo & Company MN increased its holdings in shares of American Homes 4 Rent by 67.6% in the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after acquiring an additional 331,168 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 1.7 %

Shares of AMH stock traded down $0.61 on Thursday, reaching $35.10. 1,880,460 shares of the stock were exchanged, compared to its average volume of 2,778,091. 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 stock has a market cap of $12.86 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The firm has a 50 day moving average of $36.34 and a two-hundred day moving average of $35.95. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97.

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

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.96%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 10,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $227,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Douglas N. Benham purchased 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the transaction, the director now owns 37,997 shares of the company’s stock, valued at $873,931. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack E. Corrigan purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $227,800. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMH shares. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Evercore ISI upped their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Raymond James increased their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Scotiabank boosted their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.73.

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.