National Bank of Canada FI boosted its stake in American Homes 4 Rent (NYSE:AMH – Free Report) by 426.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,313 shares of the real estate investment trust’s stock after purchasing an additional 10,785 shares during the period. National Bank of Canada FI’s holdings in American Homes 4 Rent were worth $419,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. MetLife Investment Management LLC purchased a new position in American Homes 4 Rent during the first quarter valued at approximately $236,000. Great West Life Assurance Co. Can grew its stake in American Homes 4 Rent by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock worth $10,631,000 after buying an additional 13,647 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of American Homes 4 Rent by 5.1% in the 1st quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock worth $637,000 after acquiring an additional 767 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Homes 4 Rent by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock worth $184,037,000 after acquiring an additional 134,931 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of American Homes 4 Rent by 16.3% in the 1st quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock worth $9,809,000 after acquiring an additional 34,401 shares during the last quarter. Institutional investors own 83.36% of the company’s stock.
Insider Activity at American Homes 4 Rent
In related news, COO Bryan Smith sold 25,000 shares of American Homes 4 Rent stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the sale, the chief operating officer now directly owns 94,478 shares in the company, valued at $3,306,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Douglas N. Benham sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $35.00, for a total transaction of $280,000.00. Following the completion of the transaction, the director now directly owns 16,826 shares of the company’s stock, valued at approximately $588,910. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Bryan Smith sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $35.00, for a total value of $875,000.00. Following the transaction, the chief operating officer now directly owns 94,478 shares of the company’s stock, valued at $3,306,730. The disclosure for this sale can be found here. Insiders sold 91,789 shares of company stock worth $3,217,810 over the last three months. 6.03% of the stock is owned by corporate insiders.
American Homes 4 Rent Stock Up 0.6 %
NYSE AMH opened at $35.68 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $34.39 and a two-hundred day moving average of $32.71. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 3.17 and a beta of 0.67. American Homes 4 Rent has a 52 week low of $28.78 and a 52 week high of $38.94.
American Homes 4 Rent Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.47%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.15%.
Analyst Ratings Changes
AMH has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on shares of American Homes 4 Rent from $36.00 to $39.00 in a report on Monday, May 8th. Barclays upped their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 in a report on Wednesday, May 31st. VNET Group restated a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. Wells Fargo & Company initiated coverage on shares of American Homes 4 Rent in a research report on Wednesday, March 29th. They issued an “equal weight” rating and a $31.00 target price on the stock. Finally, StockNews.com initiated coverage on shares of American Homes 4 Rent in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, seven have been given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.30.
American Homes 4 Rent Profile
(Free Report)
American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading single-family property owner, leasing operator and build-to-rent developer. We’re an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.
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