Van Lanschot Kempen Investment Management N.V. Grows Holdings in American Homes 4 Rent (NYSE:AMH)

Van Lanschot Kempen Investment Management N.V. raised its stake in American Homes 4 Rent (NYSE:AMH) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,348,213 shares of the real estate investment trust’s stock after acquiring an additional 27,900 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in American Homes 4 Rent were worth $42,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMH. MetLife Investment Management LLC purchased a new position in American Homes 4 Rent in the first quarter valued at about $236,000. Great West Life Assurance Co. Can boosted its stake in American Homes 4 Rent by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock valued at $10,631,000 after acquiring an additional 13,647 shares during the last quarter. Yousif Capital Management LLC boosted its stake in American Homes 4 Rent by 5.1% in the first quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock valued at $637,000 after acquiring an additional 767 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American Homes 4 Rent by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock valued at $184,037,000 after acquiring an additional 134,931 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of American Homes 4 Rent by 16.3% during the 1st quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock valued at $9,809,000 after buying an additional 34,401 shares in the last quarter. 83.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Raymond James upped their price target on shares of American Homes 4 Rent from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 28th. Citigroup upped their price target 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. Royal Bank of Canada upped their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. StockNews.com assumed coverage on shares of American Homes 4 Rent in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Morgan Stanley upped their price target on shares of American Homes 4 Rent from $34.50 to $37.00 and gave the company an “equal weight” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $37.19.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.06 during trading on Friday, reaching $35.98. The company had a trading volume of 1,250,306 shares, compared to its average volume of 2,217,038. The company has a fifty day moving average of $36.01 and a two-hundred day moving average of $33.92. The stock has a market capitalization of $13.02 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.68. American Homes 4 Rent has a 12 month low of $28.78 and a 12 month high of $37.97. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Announces Dividend

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

Insider Transactions at American Homes 4 Rent

In related news, COO Bryan Smith sold 25,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the chief operating officer now owns 94,478 shares of the company’s stock, valued at approximately $3,306,730. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Bryan Smith sold 25,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the chief operating officer now owns 94,478 shares of the company’s stock, valued at approximately $3,306,730. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham bought 2,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $22.82 per share, for a total transaction of $45,640.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at approximately $182,560. The disclosure for this purchase can be found here. Insiders have sold 93,693 shares of company stock valued at $3,338,340 in the last quarter. Insiders own 6.32% of the company’s stock.

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.