American Homes 4 Rent (NYSE:AMH) Shares Sold by Perpetual Ltd

Perpetual Ltd reduced its position in American Homes 4 Rent (NYSE:AMH) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,762 shares of the real estate investment trust’s stock after selling 2,680 shares during the quarter. Perpetual Ltd’s holdings in American Homes 4 Rent were worth $927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCW Group Inc. purchased a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $962,000. Marshall Wace LLP acquired a new position in shares of American Homes 4 Rent in the second quarter worth $17,367,000. Catalyst Capital Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the third quarter worth $53,000. Swedbank AB raised its stake in shares of American Homes 4 Rent by 25.0% in the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in American Homes 4 Rent by 6.6% in the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock valued at $11,437,000 after purchasing an additional 19,143 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Down 1.4 %

Shares of NYSE AMH opened at $34.93 on Thursday. The business has a 50-day moving average price of $36.90 and a 200 day moving average price of $37.58. The stock has a market cap of $12.91 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41.

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 analysts’ consensus estimates 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 net margin of 21.51% and a return on equity of 4.76%. 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 firm posted $0.41 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Friday, December 13th. American Homes 4 Rent’s payout ratio is currently 108.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMH shares. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $37.00 in a report on Tuesday. 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 on the stock in a report on Wednesday, November 6th. Mizuho boosted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. JMP Securities restated 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. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average target price of $41.14.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the purchase, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.05% of the stock is currently owned by company insiders.

American Homes 4 Rent 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.