Tidal Investments LLC Buys 4,649 Shares of American Homes 4 Rent (NYSE:AMH)

Tidal Investments LLC boosted its stake in American Homes 4 Rent (NYSE:AMH) by 39.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,457 shares of the real estate investment trust’s stock after purchasing an additional 4,649 shares during the quarter. Tidal Investments LLC’s holdings in American Homes 4 Rent were worth $632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMH. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent during the third quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares in the last quarter. Assetmark Inc. boosted its position in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the second quarter valued at $44,000. Institutional investors own 91.87% of the company’s stock.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. JMP Securities restated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.38.

American Homes 4 Rent Stock Up 1.3 %

Shares of NYSE AMH opened at $36.52 on Friday. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 3.33 and a beta of 0.78. The stock has a 50 day moving average price of $37.42 and a 200 day moving average price of $37.60. 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 issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. American Homes 4 Rent’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Sell-side analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced 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. This represents a $1.04 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

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.