6,542 Shares in American Homes 4 Rent (NYSE:AMH) Acquired by Ethic Inc.

Ethic Inc. bought a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,542 shares of the real estate investment trust’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new stake in American Homes 4 Rent during the 4th quarter valued at $26,000. National Pension Service bought a new stake in American Homes 4 Rent during the 4th quarter valued at $30,000. Jones Financial Companies Lllp raised its holdings in American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 392 shares during the period. UMB Bank n.a. raised its holdings in American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 607 shares during the period. Finally, Assetmark Inc. raised its holdings in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 375 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $38.73 on Friday. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market capitalization of $14.34 billion, a P/E ratio of 35.86, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a fifty day moving average of $36.74 and a 200-day moving average of $36.46.

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

American Homes 4 Rent Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMH shares. Barclays boosted their target price 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. 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. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.86.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction on Monday, May 5th. The stock was acquired at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $281,040. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at $3,870,338.14. This represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by insiders.

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.