Asset Management One Co. Ltd. Acquires 6,449 Shares of American Homes 4 Rent (NYSE:AMH)

Asset Management One Co. Ltd. lifted its holdings in American Homes 4 Rent (NYSE:AMH) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 665,618 shares of the real estate investment trust’s stock after purchasing an additional 6,449 shares during the period. Asset Management One Co. Ltd. owned about 0.18% of American Homes 4 Rent worth $24,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $25,000. Assetmark Inc. increased its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 275 shares in the last quarter. UMB Bank n.a. increased its holdings in American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $53,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares in the company, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Barclays cut their price objective on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $42.00 in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $40.67.

American Homes 4 Rent Stock Down 1.7 %

Shares of AMH opened at $35.21 on Friday. The company has a market cap of $13.01 billion, a PE ratio of 36.68, a P/E/G ratio of 3.45 and a beta of 0.78. The business has a fifty day moving average of $35.96 and a 200 day moving average of $37.42. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.30 dividend. The ex-dividend date is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 125.00%.

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.