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

iA Global Asset Management Inc. raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 21.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. V Square Quantitative Management LLC lifted 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 worth $44,000 after purchasing an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of American Homes 4 Rent by 24.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares during the last quarter. Creative Planning boosted its position in shares of American Homes 4 Rent by 2.4% in the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 330 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of 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 worth $544,000 after acquiring an additional 357 shares during the last quarter. Finally, US Bancorp DE increased its position in American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 478 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMH has been the subject of a number of research reports. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. UBS Group lifted their target price on 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. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Scotiabank reissued an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Down 0.3 %

AMH opened at $37.58 on Wednesday. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The firm 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 simple moving average is $37.55 and its 200-day simple 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 issued its quarterly earnings data 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). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the prior year, the company posted $0.41 earnings per share. American Homes 4 Rent’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm 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 $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.77%. American Homes 4 Rent’s payout ratio is 108.33%.

Insiders Place Their Bets

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

About American Homes 4 Rent

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.