American Homes 4 Rent (NYSE:AMH) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 248,830 shares of the real estate investment trust’s stock after selling 15,972 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $9,311,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position 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 purchasing an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of American Homes 4 Rent by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after purchasing an additional 214,242 shares during the period. FMR LLC boosted its holdings in American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after buying an additional 937,116 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock worth $162,160,000 after buying an additional 62,367 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its holdings in American Homes 4 Rent by 5.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock valued at $136,373,000 after buying an additional 199,234 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMH shares. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday. Barclays cut 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. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target of $40.47.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $36.46 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market cap of $13.47 billion, a PE ratio of 33.75, a P/E/G ratio of 3.56 and a beta of 0.78. The firm has a 50 day simple moving average of $35.63 and a 200-day simple moving average of $37.29. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41.

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, beating the consensus estimate 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 company had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. On average, equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction on 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 completion of the purchase, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

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.