American Homes 4 Rent (NYSE:AMH) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 9.3% in the fourth quarter, Holdings Channel reports. The firm owned 13,516 shares of the real estate investment trust’s stock after selling 1,385 shares during the period. Stephens Inc. AR’s holdings in American Homes 4 Rent were worth $506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMH. Exchange Traded Concepts LLC increased its position in shares of American Homes 4 Rent by 556.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 18,586 shares during the last quarter. Creative Planning increased its position in shares of American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 330 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in American Homes 4 Rent by 3.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 86,474 shares of the real estate investment trust’s stock valued at $3,320,000 after acquiring an additional 3,066 shares in the last quarter. V Square Quantitative Management LLC grew its position in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares in the last quarter. Finally, Blue Trust Inc. grew its position in American Homes 4 Rent by 83.2% in the 3rd quarter. Blue Trust Inc. now owns 5,269 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 2,393 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMH. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank downgraded 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 report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

American Homes 4 Rent Price Performance

AMH stock opened at $35.21 on Friday. The business has a 50 day moving average price of $35.96 and a 200 day moving average price of $37.42. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 3.45 and a beta of 0.78. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.41%. American Homes 4 Rent’s payout ratio is presently 125.00%.

Insider Buying and Selling

In other American Homes 4 Rent 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 value of $1,512,000.00. Following the completion of the sale, the chief operating officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the purchase, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

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.