American Homes 4 Rent (NYSE:AMH) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY increased its position in American Homes 4 Rent (NYSE:AMH) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 834,666 shares of the real estate investment trust’s stock after acquiring an additional 4,533 shares during the period. Bamco Inc. NY’s holdings in American Homes 4 Rent were worth $30,699,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMH. Texas Permanent School Fund Corp acquired a new position in American Homes 4 Rent during the 1st quarter valued at about $10,238,000. Mutual of America Capital Management LLC bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at about $6,970,000. Los Angeles Capital Management LLC bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at about $5,711,000. Scissortail Wealth Management LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at about $801,000. Finally, Wells Fargo & Company MN boosted its position in shares of American Homes 4 Rent by 67.6% during 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 purchasing an additional 331,168 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased 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 in the company, valued at $873,931. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Douglas N. Benham purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought 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 directly owns 37,997 shares in the company, valued at approximately $873,931. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack E. Corrigan purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $227,800. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Barclays reduced their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods raised their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, May 13th. Evercore ISI raised their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $39.73.

American Homes 4 Rent Stock Up 1.5 %

Shares of NYSE AMH traded up $0.52 during mid-day trading on Friday, reaching $35.39. The company had a trading volume of 3,001,803 shares, compared to its average volume of 2,223,639. The stock has a fifty day moving average of $36.26 and a two-hundred day moving average of $35.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.98 and a beta of 0.74. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. American Homes 4 Rent’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, equities research analysts expect 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. Investors of record on Friday, June 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s payout ratio is presently 106.12%.

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.