Oregon Public Employees Retirement Fund Has $2.42 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Oregon Public Employees Retirement Fund lifted its position in American Homes 4 Rent (NYSE:AMH) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,583 shares of the real estate investment trust’s stock after buying an additional 843 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American Homes 4 Rent were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. TCW Group Inc. bought a new position in American Homes 4 Rent during the third quarter worth $962,000. Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent during the third quarter worth $53,000. Swedbank AB increased its position in American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after acquiring an additional 100,000 shares during the period. JPMorgan Chase & Co. increased its position in 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 worth $503,503,000 after acquiring an additional 214,242 shares during the period. Finally, Neo Ivy Capital Management bought a new position in American Homes 4 Rent during the third quarter worth $1,456,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 4.8 %

Shares of NYSE:AMH opened at $36.46 on Friday. American Homes 4 Rent has a 52 week low of $34.01 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’s fifty day moving average is $35.63 and its 200-day moving average is $37.29. The company has a market capitalization of $13.47 billion, a PE ratio of 33.75, a P/E/G ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.29%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

Insider Buying and Selling

In related news, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.47.

American Homes 4 Rent Company 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.