American Homes 4 Rent (NYSE:AMH) Shares Acquired by Bokf Na

Bokf Na raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,057 shares of the real estate investment trust’s stock after acquiring an additional 1,581 shares during the quarter. Bokf Na’s holdings in American Homes 4 Rent were worth $2,328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AMH. Norges Bank acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth about $789,947,000. Cohen & Steers Inc. boosted its position in shares of American Homes 4 Rent by 41.0% in 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 period. Balyasny Asset Management L.P. boosted its position in shares of American Homes 4 Rent by 180.6% in the 4th 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 position in shares of American Homes 4 Rent by 80.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock valued at $127,263,000 after purchasing an additional 1,574,295 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of American Homes 4 Rent by 2.5% in 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. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,500 shares of the stock in a transaction dated 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 transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Jack E. Corrigan purchased 10,000 shares of the stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $227,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 3,500 shares of the 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 owns 37,997 shares of the company’s stock, valued at approximately $873,931. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Price Performance

AMH stock traded up $0.52 during midday trading on Friday, hitting $35.39. 3,001,803 shares of the stock were exchanged, compared to its average volume of 2,223,639. The stock’s 50-day moving average price is $36.26 and its 200-day moving average price is $35.94. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.98 and a beta of 0.74. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $37.97. 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 (NYSE:AMH) last released its quarterly earnings results 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). The company had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Research analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Scotiabank upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Barclays decreased their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Evercore ISI upped their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.73.

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.