Vestcor Inc Has $4.55 Million Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Vestcor Inc increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,628 shares of the real estate investment trust’s stock after purchasing an additional 4,367 shares during the quarter. Vestcor Inc’s holdings in American Homes 4 Rent were worth $4,554,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings in American Homes 4 Rent by 31.6% during 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares during the last quarter. Creative Planning grew its holdings in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 330 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 357 shares during the last quarter. Finally, US Bancorp DE grew its holdings in American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 478 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

American Homes 4 Rent Stock Performance

AMH opened at $37.58 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $37.55 and its two-hundred day moving average price is $37.56. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 3.29 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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). The business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. On average, analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. 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. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Mizuho upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Company Profile

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.