State of Alaska Department of Revenue Purchases 35,030 Shares of American Homes 4 Rent (NYSE:AMH)

State of Alaska Department of Revenue boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 22.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 193,354 shares of the real estate investment trust’s stock after acquiring an additional 35,030 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.05% of American Homes 4 Rent worth $7,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its position in shares of American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 873 shares during the last quarter. Tobam boosted its stake in shares of American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of American Homes 4 Rent during the 4th quarter valued at about $44,000. Finally, Capital Analysts LLC raised its stake in shares of American Homes 4 Rent by 58.1% in the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 528 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Douglas N. Benham purchased 3,500 shares of American Homes 4 Rent stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the acquisition, the director now directly owns 37,997 shares of the company’s stock, valued at approximately $873,931. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack E. Corrigan acquired 10,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The disclosure for this purchase can be found here. Company insiders own 6.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMH shares. Keefe, Bruyette & Woods upped their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Scotiabank boosted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Raymond James raised their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Mizuho boosted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.53.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.03 during trading on Wednesday, hitting $37.31. 914,557 shares of the company’s stock traded hands, compared to its average volume of 2,849,648. The company has a market cap of $13.67 billion, a PE ratio of 38.07, a PEG ratio of 3.13 and a beta of 0.74. The firm’s fifty day moving average price is $36.14 and its 200 day moving average price is $35.87. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.79%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

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.