Vestmark Advisory Solutions Inc. Has $506,000 Stock Position in American Homes 4 Rent (NYSE:AMH)

Vestmark Advisory Solutions Inc. increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 95.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,085 shares of the real estate investment trust’s stock after acquiring an additional 6,861 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in American Homes 4 Rent were worth $506,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMH. Vanguard Group Inc. grew its stake in American Homes 4 Rent by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock valued at $1,495,819,000 after acquiring an additional 1,011,707 shares in the last quarter. Principal Financial Group Inc. grew its position in American Homes 4 Rent by 0.3% during the third quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust’s stock valued at $570,509,000 after purchasing an additional 47,729 shares in the last quarter. FMR LLC increased its stake in American Homes 4 Rent by 3.7% in the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust’s stock valued at $273,274,000 after buying an additional 287,245 shares during the period. Deutsche Bank AG increased its stake in American Homes 4 Rent by 0.6% in the 3rd quarter. Deutsche Bank AG now owns 4,836,176 shares of the real estate investment trust’s stock valued at $162,931,000 after buying an additional 30,903 shares during the period. Finally, Resolution Capital Ltd lifted its position in American Homes 4 Rent by 4.8% in the 3rd quarter. Resolution Capital Ltd now owns 4,616,552 shares of the real estate investment trust’s stock worth $155,532,000 after buying an additional 212,758 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMH shares. Mizuho boosted their price target 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. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price objective on the stock. Raymond James lifted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their price target for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.67.

American Homes 4 Rent Trading Up 0.9 %

Shares of American Homes 4 Rent stock opened at $36.07 on Tuesday. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.75 and a beta of 0.70. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The company’s fifty day simple moving average is $36.11 and its 200-day simple moving average is $35.52. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.73 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. American Homes 4 Rent’s payout ratio is currently 106.12%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Bryan Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, 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. 6.05% of the stock is owned by corporate insiders.

About American Homes 4 Rent

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.