Ameritas Investment Partners Inc. Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Ameritas Investment Partners Inc. acquired a new position in American Homes 4 Rent (NYSE:AMH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 70,000 shares of the real estate investment trust’s stock, valued at approximately $2,575,000.

Several other large investors have also recently bought and sold shares of AMH. Covestor Ltd raised its position in shares of American Homes 4 Rent by 187.3% during the first quarter. Covestor Ltd now owns 2,603 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 1,697 shares during the last quarter. Catalytic Wealth RIA LLC bought a new stake in American Homes 4 Rent during the 1st quarter worth about $2,903,000. Vanguard Group Inc. lifted its position in American Homes 4 Rent by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after purchasing an additional 1,094,714 shares during the period. Intech Investment Management LLC acquired a new position in American Homes 4 Rent during the 1st quarter valued at about $468,000. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of American Homes 4 Rent by 8.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,057,951 shares of the real estate investment trust’s stock valued at $75,691,000 after purchasing an additional 161,933 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMH. Raymond James increased 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 report on Thursday, March 28th. JPMorgan Chase & Co. upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Barclays reduced their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

American Homes 4 Rent Stock Down 0.5 %

NYSE AMH traded down $0.18 on Tuesday, reaching $36.57. The company had a trading volume of 1,715,005 shares, compared to its average volume of 2,784,571. The company’s fifty day moving average is $36.33 and its 200-day moving average is $35.94. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 3.05 and a beta of 0.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share 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 firm had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors 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 2.84%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s payout ratio is 106.12%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now directly owns 37,997 shares of the company’s stock, valued at approximately $873,931. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Douglas N. Benham purchased 3,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares in the company, valued at $873,931. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan purchased 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the transaction, 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 owned by 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.