Land & Buildings Investment Management LLC Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Land & Buildings Investment Management LLC bought a new position in American Homes 4 Rent (NYSE:AMH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 737,850 shares of the real estate investment trust’s stock, valued at approximately $27,610,000. American Homes 4 Rent accounts for 5.6% of Land & Buildings Investment Management LLC’s holdings, making the stock its 9th biggest holding. Land & Buildings Investment Management LLC owned 0.20% of American Homes 4 Rent at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMH. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth $26,000. National Pension Service acquired a new position in American Homes 4 Rent during the 4th quarter valued at about $30,000. Jones Financial Companies Lllp increased its position in American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 392 shares in the last quarter. UMB Bank n.a. increased its position in American Homes 4 Rent by 77.2% during 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 buying an additional 607 shares in the last quarter. Finally, Assetmark Inc. increased its position in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 375 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $38.70 on Monday. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The stock has a 50 day simple moving average of $36.55 and a 200-day simple moving average of $36.44. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. American Homes 4 Rent’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. American Homes 4 Rent’s payout ratio is currently 111.11%.

Analyst Ratings Changes

Several research analysts recently issued reports on AMH shares. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, January 23rd. Mizuho cut their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.64.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at $3,870,338.14. The trade was a 29.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack E. Corrigan bought 4,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was purchased at an average price of $23.42 per share, with a total value of $93,680.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

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.