60,000 Shares in American Homes 4 Rent (NYSE:AMH) Bought by ING Groep NV

ING Groep NV acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, Holdings Channel.com reports. The firm acquired 60,000 shares of the real estate investment trust’s stock, valued at approximately $2,245,000.

Several other hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its position in shares of American Homes 4 Rent by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 13,320 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 735 shares during the period. Principal Financial Group Inc. lifted its stake in shares of American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the last quarter. Rhumbline Advisers boosted its holdings in American Homes 4 Rent by 1.0% during the 4th quarter. Rhumbline Advisers now owns 986,456 shares of the real estate investment trust’s stock valued at $36,913,000 after acquiring an additional 9,567 shares during the period. Asset Management One Co. Ltd. grew its position in American Homes 4 Rent by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 665,618 shares of the real estate investment trust’s stock valued at $24,694,000 after acquiring an additional 6,449 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in American Homes 4 Rent by 9.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 362,878 shares of the real estate investment trust’s stock worth $13,336,000 after purchasing an additional 32,704 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMH. JMP Securities reissued a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased 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 objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Finally, Scotiabank downgraded 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent 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 owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham acquired 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, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Down 1.7 %

Shares of NYSE AMH opened at $35.11 on Friday. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The business has a fifty day moving average price of $35.73 and a 200 day moving average price of $37.37. The stock has a market capitalization of $12.97 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 3.61 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.35%. The business had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. Equities research analysts expect that American Homes 4 Rent will post 1.86 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s payout ratio is currently 96.30%.

About American Homes 4 Rent

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.