Plato Investment Management Ltd Purchases Shares of 49,658 American Homes 4 Rent (NYSE:AMH)

Plato Investment Management Ltd acquired a new position in American Homes 4 Rent (NYSE:AMH) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 49,658 shares of the real estate investment trust’s stock, valued at approximately $1,826,000.

Several other institutional investors have also recently made changes to their positions in AMH. Bamco Inc. NY boosted its stake in American Homes 4 Rent by 0.5% in the 1st quarter. Bamco Inc. NY now owns 834,666 shares of the real estate investment trust’s stock worth $30,699,000 after purchasing an additional 4,533 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after buying an additional 507,307 shares in the last quarter. BOKF NA lifted its holdings in shares of American Homes 4 Rent by 2.5% in the first quarter. BOKF NA now owns 64,057 shares of the real estate investment trust’s stock worth $2,328,000 after buying an additional 1,581 shares in the last quarter. PEAK6 Investments LLC grew its stake in American Homes 4 Rent by 250.3% during the first quarter. PEAK6 Investments LLC now owns 6,985 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 11,631 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in American Homes 4 Rent in the 1st quarter valued at $2,427,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 2.1 %

Shares of AMH stock traded up $0.75 on Thursday, reaching $36.84. 2,096,543 shares of the company’s stock were exchanged, compared to its average volume of 2,787,074. The company’s fifty day simple moving average is $36.23 and its 200 day simple moving average is $35.94. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.93. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $13.50 billion, a PE ratio of 37.59, a P/E/G ratio of 3.04 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last released 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 the consensus estimate of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. As a group, analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.26 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.82%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Analyst Ratings Changes

Several research analysts have commented on AMH shares. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Evercore ISI increased 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 note on Tuesday, July 9th. Barclays decreased their price objective 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. JPMorgan Chase & Co. boosted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, Scotiabank increased their price objective on shares of 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average price target of $39.73.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan acquired 10,000 shares of American Homes 4 Rent 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 acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $227,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 10,000 shares of the stock in a transaction dated 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 transaction, the director now owns 10,000 shares of the company’s stock, valued at $227,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the acquisition, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

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.