Heritage Wealth Management Inc. Sells 700 Shares of American Homes 4 Rent (NYSE:AMH)

Heritage Wealth Management Inc. cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,213 shares of the real estate investment trust’s stock after selling 700 shares during the period. Heritage Wealth Management Inc.’s holdings in American Homes 4 Rent were worth $756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $30,000. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% in 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. Catalyst Capital Advisors LLC bought a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $53,000. UMB Bank n.a. lifted its stake in shares of American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 607 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in shares of American Homes 4 Rent by 3,136.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,474 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was purchased 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 owns 41,946 shares in the company, valued at $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. 6.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMH. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Barclays dropped their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.47.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $37.04 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $35.64 and a two-hundred day moving average price of $37.27. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a market cap of $13.69 billion, a P/E ratio of 34.29, a PEG ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.