American Homes 4 Rent (NYSE:AMH) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,125 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in American Homes 4 Rent were worth $4,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of American Homes 4 Rent by 12.5% during the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 314 shares during the period. M&T Bank Corp lifted its holdings in shares of American Homes 4 Rent by 0.8% during the fourth quarter. M&T Bank Corp now owns 45,526 shares of the real estate investment trust’s stock worth $1,637,000 after purchasing an additional 348 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of American Homes 4 Rent by 15.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 369 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of American Homes 4 Rent by 3.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 12,676 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Monday, May 13th. Evercore ISI lifted their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, July 9th. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Barclays reduced their price target 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. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.73.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.52 during trading hours on Friday, hitting $35.39. 3,001,803 shares of the company’s stock were exchanged, compared to its average volume of 2,223,639. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a market cap of $12.96 billion, a P/E ratio of 36.11, a P/E/G ratio of 2.98 and a beta of 0.74. The firm has a 50 day moving average of $36.26 and a two-hundred day moving average of $35.94. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $37.97.

American Homes 4 Rent (NYSE:AMH) last announced its 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 business had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Sell-side analysts forecast that American Homes 4 Rent will post 1.74 EPS 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. Investors of record on Friday, June 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.94%. The ex-dividend date was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Douglas N. Benham acquired 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack E. Corrigan bought 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was bought at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the acquisition, the director now 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 corporate 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.