Atria Investments Inc Raises Position in American Homes 4 Rent (NYSE:AMH)

Atria Investments Inc lifted its stake in American Homes 4 Rent (NYSE:AMH) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,066 shares of the real estate investment trust’s stock after purchasing an additional 510 shares during the quarter. Atria Investments Inc’s holdings in American Homes 4 Rent were worth $2,651,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMH. Norges Bank purchased a new position in American Homes 4 Rent during the 4th quarter valued at $789,947,000. Cohen & Steers Inc. grew its stake in American Homes 4 Rent by 41.0% during the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after purchasing an additional 2,575,854 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in American Homes 4 Rent by 180.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock valued at $93,848,000 after purchasing an additional 1,679,846 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of American Homes 4 Rent by 80.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after buying an additional 1,574,295 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded up $0.91 during midday trading on Friday, hitting $37.75. The company’s stock had a trading volume of 4,077,529 shares, compared to its average volume of 2,389,782. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $38.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 3.10 and a beta of 0.74. The stock’s 50 day simple moving average is $36.24 and its 200 day simple moving average is $35.95.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, research analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is 106.12%.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMH shares. Barclays dropped their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, May 13th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, Scotiabank lifted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.57.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $23.00 per share, with a total value of $80,500.00. Following the purchase, the director now owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares of the company’s stock, valued at approximately $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack E. Corrigan bought 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by company insiders.

American Homes 4 Rent 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.