Robeco Institutional Asset Management B.V. Has $10.21 Million Position in American Homes 4 Rent (NYSE:AMH)

Robeco Institutional Asset Management B.V. lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,754 shares of the real estate investment trust’s stock after selling 50,721 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of American Homes 4 Rent worth $10,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMH. TCW Group Inc. purchased a new position in American Homes 4 Rent during the 3rd quarter valued at about $962,000. Catalyst Capital Advisors LLC purchased a new position in American Homes 4 Rent during the third quarter valued at approximately $53,000. Swedbank AB increased its stake in American Homes 4 Rent by 25.0% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after buying an additional 100,000 shares during the period. JPMorgan Chase & Co. lifted its position 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 buying an additional 214,242 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $1,456,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Buying and Selling at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH opened at $34.62 on Friday. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The firm has a market capitalization of $12.79 billion, a P/E ratio of 36.06, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. The stock’s 50 day moving average price is $36.50 and its two-hundred day moving average price is $37.49. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is currently 108.33%.

Wall Street Analyst Weigh In

AMH has been the subject of several recent research reports. Barclays cut their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and an average price target of $40.67.

About American Homes 4 Rent

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.