Aew Capital Management L P Raises Position in American Homes 4 Rent (NYSE:AMH)

Aew Capital Management L P raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,037,076 shares of the real estate investment trust’s stock after acquiring an additional 224,337 shares during the quarter. American Homes 4 Rent makes up 2.7% of Aew Capital Management L P’s portfolio, making the stock its 15th largest holding. Aew Capital Management L P’s holdings in American Homes 4 Rent were worth $73,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Penserra Capital Management LLC boosted its stake in shares of American Homes 4 Rent by 2.0% during the 3rd quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 309 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of American Homes 4 Rent by 3.2% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 12,676 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 391 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of American Homes 4 Rent by 3.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 14,209 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 443 shares during the period. Capital Analysts LLC raised its position in shares of American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 528 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of American Homes 4 Rent by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 150,218 shares of the real estate investment trust’s stock valued at $5,061,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the topic of several recent analyst reports. Mizuho raised their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. BNP Paribas initiated coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price objective on the stock. Raymond James raised their price objective on shares of 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, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.67.

American Homes 4 Rent Stock Up 1.7 %

Shares of NYSE AMH traded up $0.62 during trading hours on Friday, hitting $36.38. 1,530,466 shares of the stock were exchanged, compared to its average volume of 3,384,310. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The company has a market cap of $13.32 billion, a PE ratio of 36.38, a PEG ratio of 2.73 and a beta of 0.70. The firm has a fifty day moving average price of $35.94 and a 200-day moving average price of $35.44. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.26 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is 104.00%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The disclosure for this sale can be found here. Insiders have sold a total of 60,263 shares of company stock valued at $2,212,078 over the last ninety days. Corporate insiders own 6.32% of the company’s stock.

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.