Focus Partners Wealth Purchases 27,299 Shares of American Homes 4 Rent (NYSE:AMH)

Focus Partners Wealth grew its position in shares of American Homes 4 Rent (NYSE:AMH) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 671,748 shares of the real estate investment trust’s stock after acquiring an additional 27,299 shares during the period. Focus Partners Wealth’s holdings in American Homes 4 Rent were worth $25,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMH. JPMorgan Chase & Co. raised its stake in shares of American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after acquiring an additional 214,242 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $206,000. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 607 shares during the period. Exchange Traded Concepts LLC increased its position in shares of American Homes 4 Rent by 4.3% during the fourth 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. Finally, Blue Trust Inc. increased its position in shares of American Homes 4 Rent by 54.0% during the fourth 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 period. 91.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, May 6th. Barclays increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Raymond James increased their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Friday. Finally, Evercore ISI increased their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.64.

Insider Activity at American Homes 4 Rent

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan purchased 4,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $281,040. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.01% of the stock is owned by insiders.

American Homes 4 Rent Stock Up 0.9%

Shares of American Homes 4 Rent stock opened at $38.70 on Monday. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company’s 50 day moving average is $36.55 and its 200 day moving average is $36.44. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

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.