116,460 Shares in American Homes 4 Rent (NYSE:AMH) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 116,460 shares of the real estate investment trust’s stock, valued at approximately $4,283,000.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 873 shares during the last quarter. Tobam raised its holdings in American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new position in American Homes 4 Rent in the 4th quarter valued at approximately $44,000. Capital Analysts LLC raised its holdings in American Homes 4 Rent by 58.1% in the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 528 shares in the last quarter. Finally, Quarry LP raised its holdings in American Homes 4 Rent by 216.3% in the 4th quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays cut their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. JPMorgan Chase & Co. upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday. Evercore ISI upped their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, July 9th. Finally, Scotiabank upped their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.57.

American Homes 4 Rent Trading Up 2.5 %

NYSE:AMH traded up $0.91 during trading hours on Friday, hitting $37.75. 4,077,529 shares of the stock were exchanged, compared to its average volume of 2,389,782. The company’s 50 day moving average is $36.24 and its two-hundred day moving average is $35.95. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $38.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $13.83 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The firm had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is 106.12%.

Insiders Place Their Bets

In related news, Director Douglas N. Benham purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Douglas N. Benham purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack E. Corrigan purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.