Mutual of America Capital Management LLC Sells 2,476 Shares of American Homes 4 Rent (NYSE:AMH)

Mutual of America Capital Management LLC lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,574 shares of the real estate investment trust’s stock after selling 2,476 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Homes 4 Rent were worth $6,271,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. TCW Group Inc. bought a new stake in American Homes 4 Rent in the third quarter valued at about $962,000. Catalyst Capital Advisors LLC acquired a new stake in American Homes 4 Rent during the third quarter valued at approximately $53,000. Bank of New York Mellon Corp boosted its holdings 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 valued at $110,701,000 after purchasing an additional 248,729 shares in the last quarter. Swedbank AB grew its stake in shares of American Homes 4 Rent by 25.0% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 worth $503,503,000 after buying an additional 214,242 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business’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 transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on AMH shares. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Royal Bank of Canada cut their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.47.

American Homes 4 Rent Stock Up 0.6 %

NYSE:AMH opened at $37.23 on Tuesday. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The stock’s fifty day moving average price is $35.64 and its two-hundred day moving average price is $37.27. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

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.