American Homes 4 Rent (NYSE:AMH) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,762 shares of the real estate investment trust’s stock after selling 2,680 shares during the quarter. Perpetual Ltd’s holdings in American Homes 4 Rent were worth $927,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 607 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $206,000. Everence Capital Management Inc. acquired a new stake in shares of American Homes 4 Rent during the 4th quarter valued at about $323,000. GAMMA Investing LLC increased its stake in shares of American Homes 4 Rent by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 503 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after purchasing an additional 214,242 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.05% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $34.93 on Thursday. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The stock has a market cap of $12.91 billion, a PE ratio of 36.38, a P/E/G ratio of 2.96 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day moving average price of $36.90 and a 200 day moving average price of $37.58.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. Equities research analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.26 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.98%. American Homes 4 Rent’s payout ratio is 108.33%.

Analyst Ratings Changes

Several analysts have commented on AMH shares. JMP Securities reissued a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho lifted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Barclays began coverage on shares of American Homes 4 Rent in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price objective for the company. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $41.14.

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.