American Homes 4 Rent (NYSE:AMH) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in American Homes 4 Rent (NYSE:AMH) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,830,756 shares of the real estate investment trust’s stock after acquiring an additional 507,307 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.41% of American Homes 4 Rent worth $324,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of American Homes 4 Rent by 1,091.3% in the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 873 shares during the period. Tobam grew its holdings 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 acquiring an additional 921 shares during the period. GAMMA Investing LLC acquired a new stake in shares of American Homes 4 Rent in the 4th quarter worth approximately $44,000. Capital Analysts LLC grew its holdings in shares of American Homes 4 Rent by 58.1% in the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 528 shares during the period. Finally, Quarry LP lifted its stake in American Homes 4 Rent by 216.3% in the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 1.5 %

Shares of AMH traded up $0.52 during trading hours on Friday, hitting $35.39. The stock had a trading volume of 3,001,803 shares, compared to its average volume of 2,223,639. 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 firm has a market cap of $12.96 billion, a P/E ratio of 36.11, a P/E/G ratio of 2.98 and a beta of 0.74. The company’s fifty day simple moving average is $36.26 and its 200 day simple moving average is $35.94. 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 issued its 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). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. During the same period last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.94%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMH shares. Keefe, Bruyette & Woods upped their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Barclays reduced their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Finally, Scotiabank upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $39.73.

Insider Activity at American Homes 4 Rent

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

About American Homes 4 Rent

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.