Gilman Hill Asset Management LLC Sells 1,160 Shares of American Homes 4 Rent (NYSE:AMH)

Gilman Hill Asset Management LLC cut its position in American Homes 4 Rent (NYSE:AMH) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,346 shares of the real estate investment trust’s stock after selling 1,160 shares during the period. Gilman Hill Asset Management LLC’s holdings in American Homes 4 Rent were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. TCW Group Inc. bought a new stake in shares of American Homes 4 Rent in the third quarter valued at $962,000. Marshall Wace LLP bought a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at $17,367,000. Catalyst Capital Advisors LLC bought a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $53,000. Bank of Montreal Can raised its stake in shares of American Homes 4 Rent by 6.6% during the 2nd quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock valued at $11,437,000 after purchasing an additional 19,143 shares during the period. Finally, Swedbank AB raised its stake in shares of American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Up 1.0 %

AMH stock opened at $35.19 on Monday. The firm has a market cap of $13.00 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. The business has a 50 day moving average of $37.04 and a 200 day moving average of $37.63. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMH. Barclays began coverage on American Homes 4 Rent in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price objective on the stock. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. JMP Securities reiterated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.40.

Insiders Place Their Bets

In other news, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the acquisition, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.05% of the company’s stock.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.