iA Global Asset Management Inc. Acquires 1,324 Shares of American Homes 4 Rent (NYSE:AMH)

iA Global Asset Management Inc. lifted its stake in American Homes 4 Rent (NYSE:AMH) by 21.3% during the 3rd quarter, Holdings Channel reports. The firm owned 7,527 shares of the real estate investment trust’s stock after acquiring an additional 1,324 shares during the period. iA Global Asset Management Inc.’s holdings in American Homes 4 Rent were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMH. Cetera Advisors LLC boosted its position in shares of American Homes 4 Rent by 41.1% during the first quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 2,674 shares in the last quarter. SG Americas Securities LLC lifted its holdings in American Homes 4 Rent by 64.4% during the second quarter. SG Americas Securities LLC now owns 78,488 shares of the real estate investment trust’s stock worth $2,917,000 after acquiring an additional 30,750 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 357 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of American Homes 4 Rent in the second quarter worth about $32,000. Finally, Swedbank AB raised its position in shares of American Homes 4 Rent by 14.3% during the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock worth $14,864,000 after purchasing an additional 50,000 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. UBS Group boosted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 0.3 %

Shares of AMH stock opened at $37.58 on Wednesday. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 3.29 and a beta of 0.78. The firm’s 50-day moving average is $37.55 and its 200-day moving average is $37.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the company earned $0.41 EPS. American Homes 4 Rent’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.05% 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.