Oliver Lagore Vanvalin Investment Group Has $76,000 Holdings in American Homes 4 Rent (NYSE:AMH)

Oliver Lagore Vanvalin Investment Group trimmed its stake in American Homes 4 Rent (NYSE:AMH) by 14.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,123 shares of the real estate investment trust’s stock after selling 346 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in American Homes 4 Rent were worth $76,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AMH. Norges Bank bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $619,235,000. Price T Rowe Associates Inc. MD raised its holdings in American Homes 4 Rent by 5,494.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock valued at $172,808,000 after buying an additional 4,788,904 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in American Homes 4 Rent by 725.9% during the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after buying an additional 4,233,435 shares during the last quarter. Vanguard Group Inc. increased its position in American Homes 4 Rent by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after purchasing an additional 3,533,157 shares during the period. Finally, State Street Corp grew its position in shares of American Homes 4 Rent by 20.1% in the 1st quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock worth $514,830,000 after buying an additional 2,154,704 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 1.1 %

Shares of AMH opened at $35.05 on Friday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a market cap of $12.83 billion, a PE ratio of 35.05, a P/E/G ratio of 2.66 and a beta of 0.70. The business has a fifty day moving average of $35.83 and a 200 day moving average of $35.36. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.97%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.00%.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their target price for the company from $34.00 to $41.00 in a research note on Tuesday, January 2nd. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their price objective for the company from $37.00 to $41.00 in a report on Friday, March 22nd. BNP Paribas began coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 target price for the company. Finally, Mizuho raised their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.67.

Insider Transactions at American Homes 4 Rent

In other news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,263 shares of company stock worth $2,212,078. 6.32% of the stock is currently owned by 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.