Cypress Capital Management LLC WY Decreases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Cypress Capital Management LLC WY lessened its stake in shares of American Homes 4 Rent (NYSE:AMH) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,463 shares of the real estate investment trust’s stock after selling 1,391 shares during the quarter. American Homes 4 Rent accounts for about 1.3% of Cypress Capital Management LLC WY’s portfolio, making the stock its 23rd biggest position. Cypress Capital Management LLC WY’s holdings in American Homes 4 Rent were worth $1,103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Forsta AP Fonden bought a new position in American Homes 4 Rent during the fourth quarter valued at approximately $1,834,000. Blue Trust Inc. raised its stake in American Homes 4 Rent by 54.0% during the 4th quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 2,844 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of American Homes 4 Rent by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust’s stock valued at $855,000 after buying an additional 932 shares during the period. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 607 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth $206,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $34.54 on Friday. The business has a 50-day moving average price of $36.56 and a 200-day moving average price of $37.49. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.93 and a beta of 0.78. 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 quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on AMH. JMP Securities reissued a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a research report on Thursday, January 23rd. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods reduced their target price 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, Mizuho lifted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.67.

Insiders Place Their Bets

In other news, COO Bryan Smith sold 40,000 shares of the company’s 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 sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

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.