Ellevest Inc. boosted its stake in American Homes 4 Rent (NYSE:AMH – Get Rating) by 86.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 728 shares of the real estate investment trust’s stock after acquiring an additional 337 shares during the period. Ellevest Inc.’s holdings in American Homes 4 Rent were worth $26,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AMH. Norges Bank acquired a new position in American Homes 4 Rent in the 4th quarter valued at about $701,205,000. Centersquare Investment Management LLC increased its position in American Homes 4 Rent by 725.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after acquiring an additional 4,233,435 shares during the period. Vanguard Group Inc. increased its position in American Homes 4 Rent by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after acquiring an additional 3,533,157 shares during the period. Black Rock Inc. increased its position in American Homes 4 Rent by 11.3% in the 4th quarter. Black Rock Inc. now owns 23,487,597 shares of the real estate investment trust’s stock valued at $1,024,294,000 after acquiring an additional 2,384,487 shares during the period. Finally, State Street Corp increased its position in American Homes 4 Rent by 20.1% in the 1st quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock valued at $514,830,000 after acquiring an additional 2,154,704 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.
American Homes 4 Rent Trading Up 0.3%
Shares of AMH opened at $32.81 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52. American Homes 4 Rent has a 1-year low of $32.19 and a 1-year high of $44.07. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 57.56, a price-to-earnings-growth ratio of 2.99 and a beta of 0.60. The firm has a 50 day simple moving average of $36.18 and a 200-day simple moving average of $37.15.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.22). American Homes 4 Rent had a return on equity of 3.46% and a net margin of 15.67%. The company had revenue of $361.90 million for the quarter, compared to analysts’ expectations of $362.35 million. During the same period in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts forecast that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.
American Homes 4 Rent Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, September 14th. American Homes 4 Rent’s payout ratio is 126.32%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AMH. Raymond James reiterated a “strong-buy” rating and set a $45.00 target price (down previously from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Jefferies Financial Group cut their price objective on American Homes 4 Rent from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Evercore ISI lowered their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, September 19th. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $37.50 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Finally, Capital One Financial began coverage on shares of American Homes 4 Rent in a report on Friday, July 8th. They set an “overweight” rating and a $43.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.92.
Insider Activity at American Homes 4 Rent
In related news, COO Bryan Smith sold 5,519 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $35.67, for a total value of $196,862.73. Following the completion of the transaction, the chief operating officer now owns 81,287 shares of the company’s stock, valued at approximately $2,899,507.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Tamara Hughes Gustavson bought 281,695 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average price of $36.40 per share, with a total value of $10,253,698.00. Following the purchase, the director now owns 269,470 shares of the company’s stock, valued at approximately $9,808,708. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 5,519 shares of American Homes 4 Rent stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $35.67, for a total value of $196,862.73. Following the completion of the sale, the chief operating officer now owns 81,287 shares of the company’s stock, valued at approximately $2,899,507.29. The disclosure for this sale can be found here. 6.03% of the stock is currently owned by corporate insiders.
American Homes 4 Rent Profile
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American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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