Atria Investments Inc Has $3.18 Million Position in American Homes 4 Rent (NYSE:AMH)

Atria Investments Inc boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 84,843 shares of the real estate investment trust’s stock after acquiring an additional 316 shares during the quarter. Atria Investments Inc’s holdings in American Homes 4 Rent were worth $3,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. acquired a new stake in American Homes 4 Rent during the third quarter worth $962,000. Bank of New York Mellon Corp boosted its stake in American Homes 4 Rent by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after buying an additional 248,729 shares in the last quarter. Swedbank AB boosted its stake in American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after buying an additional 100,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $503,503,000 after purchasing 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 in the 3rd quarter valued at $1,456,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $36.22 on Friday. The stock has a market capitalization of $13.41 billion, a P/E ratio of 33.54, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $35.59 and a two-hundred day moving average price of $37.21.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMH. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Royal Bank of Canada reduced their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has an average rating of “Moderate Buy” and an average price target of $40.47.

Insiders Place Their Bets

In other news, 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 value 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 $4,746,924. This represents a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Company 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.