Silvercrest Asset Management Group LLC Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Silvercrest Asset Management Group LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 932,429 shares of the real estate investment trust’s stock, valued at approximately $34,891,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ProShare Advisors LLC raised its position in shares of American Homes 4 Rent by 8.2% during the fourth quarter. ProShare Advisors LLC now owns 14,841 shares of the real estate investment trust’s stock valued at $555,000 after buying an additional 1,125 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of American Homes 4 Rent by 276.9% during the fourth quarter. Quantinno Capital Management LP now owns 43,891 shares of the real estate investment trust’s stock valued at $1,642,000 after buying an additional 32,246 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of American Homes 4 Rent by 2.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 85,350 shares of the real estate investment trust’s stock valued at $3,166,000 after buying an additional 1,962 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $2,864,000. Finally, OMERS ADMINISTRATION Corp raised its position in shares of American Homes 4 Rent by 20.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 13,651 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 2,338 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMH shares. Mizuho reduced their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Evercore ISI lifted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Raymond James boosted their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Finally, StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.86.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction dated Monday, May 5th. The shares were bought 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 disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Up 1.2%

AMH stock opened at $38.73 on Friday. 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 has a twelve month low of $31.68 and a twelve month high of $41.41. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The firm’s fifty day simple moving average is $36.74 and its two-hundred day simple moving average is $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 for the quarter, beating 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 business had revenue of $459.28 million for the quarter, compared to analysts’ expectations of $449.00 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. As a group, analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

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

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.