American Homes 4 Rent (NYSE:AMH) COO Bryan Smith Sells 40,000 Shares

American Homes 4 Rent (NYSE:AMH) COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded down $0.12 during trading hours on Tuesday, hitting $37.57. 3,410,651 shares of the stock traded hands, compared to its average volume of 2,520,874. The firm’s 50 day moving average price is $37.56 and its 200-day moving average price is $37.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business 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 quarter in the previous year, the company earned $0.41 EPS. As a group, equities analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.77%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMH. Janus Henderson Group PLC increased its stake in shares of American Homes 4 Rent by 2,150.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in American Homes 4 Rent by 783.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after purchasing an additional 981,872 shares during the period. FMR LLC lifted its position in shares of American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after buying an additional 937,116 shares in the last quarter. Marshall Wace LLP acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in American Homes 4 Rent by 39.3% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock valued at $53,420,000 after purchasing an additional 405,468 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

AMH has been the subject of several research reports. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Mizuho boosted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Company 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.