Beacon Investment Advisors LLC Acquires New Shares in American Homes 4 Rent (NYSE:AMH)

Beacon Investment Advisors LLC acquired a new stake in American Homes 4 Rent (NYSE:AMH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,586 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $619,235,000. Price T Rowe Associates Inc. MD raised its stake in shares of American Homes 4 Rent by 5,494.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock valued at $172,808,000 after acquiring an additional 4,788,904 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of American Homes 4 Rent by 725.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after acquiring an additional 4,233,435 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after acquiring an additional 3,533,157 shares in the last quarter. Finally, State Street Corp raised its stake in shares of American Homes 4 Rent by 20.1% in the 1st quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock valued at $514,830,000 after acquiring an additional 2,154,704 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Brian Reitz sold 1,800 shares of American Homes 4 Rent stock in a transaction on Monday, July 31st. The stock was sold at an average price of $37.47, for a total transaction of $67,446.00. Following the completion of the transaction, the chief accounting officer now directly owns 36,210 shares of the company’s stock, valued at $1,356,788.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Brian Reitz sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.47, for a total transaction of $67,446.00. Following the completion of the sale, the chief accounting officer now owns 36,210 shares of the company’s stock, valued at $1,356,788.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas N. Benham bought 2,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $22.82 per share, with a total value of $45,640.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at approximately $182,560. The disclosure for this purchase can be found here. Over the last three months, insiders sold 93,693 shares of company stock valued at $3,338,340. 6.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMH. Mizuho lifted their price objective on American Homes 4 Rent from $33.00 to $37.00 in a research note on Friday, May 19th. VNET Group reiterated a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. Evercore ISI raised their price objective on shares of American Homes 4 Rent from $36.00 to $39.00 in a research note on Monday, May 8th. Citigroup upped their target price on shares of American Homes 4 Rent from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, July 14th. Finally, B. Riley increased their price target on shares of American Homes 4 Rent from $36.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.19.

American Homes 4 Rent Price Performance

NYSE AMH traded down $0.06 during trading on Friday, reaching $35.98. 1,250,306 shares of the company traded hands, compared to its average volume of 2,217,038. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.69 and a current ratio of 0.69. The stock’s 50 day moving average price is $36.01 and its two-hundred day moving average price is $33.93. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 3.41 and a beta of 0.68. American Homes 4 Rent has a 1-year low of $28.78 and a 1-year high of $37.97.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.45%. American Homes 4 Rent’s payout ratio is presently 89.80%.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading 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.