Desjardins Global Asset Management Inc. Grows Stake in American Homes 4 Rent (NYSE:AMH)

Desjardins Global Asset Management Inc. boosted its position in American Homes 4 Rent (NYSE:AMH) by 198.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,217 shares of the real estate investment trust’s stock after purchasing an additional 2,803 shares during the period. Desjardins Global Asset Management Inc.’s holdings in American Homes 4 Rent were worth $152,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC acquired a new stake in American Homes 4 Rent during the 1st quarter valued at $236,000. Great West Life Assurance Co. Can grew its holdings in American Homes 4 Rent by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock valued at $10,631,000 after buying an additional 13,647 shares during the last quarter. Yousif Capital Management LLC grew its holdings in American Homes 4 Rent by 5.1% during the 1st quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock valued at $637,000 after buying an additional 767 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in American Homes 4 Rent by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock valued at $184,037,000 after buying an additional 134,931 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in American Homes 4 Rent by 16.3% during the 1st quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock valued at $9,809,000 after buying an additional 34,401 shares during the last quarter. 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, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on AMH. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and increased their target price for the company from $34.00 to $41.00 in a report on Tuesday, January 2nd. Mizuho raised their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Raymond James raised their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, BNP Paribas initiated coverage on American Homes 4 Rent in a report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Trading Up 1.1 %

Shares of AMH opened at $35.05 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $12.83 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.66 and a beta of 0.70. The stock’s fifty day simple moving average is $35.83 and its 200 day simple moving average is $35.36. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.26 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.00%.

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.