American Homes 4 Rent (NYSE:AMH) Stock Position Lessened by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 521,159 shares of the real estate investment trust’s stock after selling 3,618 shares during the quarter. American Homes 4 Rent accounts for approximately 1.2% of Uniplan Investment Counsel Inc.’s holdings, making the stock its 22nd largest position. Uniplan Investment Counsel Inc. owned approximately 0.14% of American Homes 4 Rent worth $16,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in American Homes 4 Rent by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,578,435 shares of the real estate investment trust’s stock valued at $112,542,000 after buying an additional 98,146 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its stake in American Homes 4 Rent by 5.2% during the first quarter. Elo Mutual Pension Insurance Co now owns 25,471 shares of the real estate investment trust’s stock valued at $801,000 after buying an additional 1,255 shares in the last quarter. AXA S.A. boosted its stake in American Homes 4 Rent by 15.3% during the first quarter. AXA S.A. now owns 1,277,051 shares of the real estate investment trust’s stock valued at $40,163,000 after buying an additional 169,620 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in American Homes 4 Rent during the first quarter valued at about $745,000. Finally, Quadrant Capital Group LLC boosted its stake in American Homes 4 Rent by 47.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,109 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 674 shares in the last quarter. Institutional investors own 83.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Mizuho raised their target price on American Homes 4 Rent from $33.00 to $37.00 in a research note on Friday, May 19th. VNET Group reaffirmed a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. B. Riley upped their target price on American Homes 4 Rent from $36.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Barclays upped their target price on American Homes 4 Rent from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 9th. Finally, Raymond James upped their target price on American Homes 4 Rent from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, August 28th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $37.19.

American Homes 4 Rent Stock Up 0.2 %

AMH stock traded up $0.07 during mid-day trading on Monday, hitting $36.07. The stock had a trading volume of 57,799 shares, compared to its average volume of 2,192,099. 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 has a 1-year low of $28.78 and a 1-year high of $37.97. The company has a fifty day moving average of $36.09 and a 200 day moving average of $34.01. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 3.48 and a beta of 0.68.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s payout ratio is currently 89.80%.

Insiders Place Their Bets

In other news, Director Douglas N. Benham bought 2,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $22.82 per share, with a total value of $45,640.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $182,560. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Douglas N. Benham bought 2,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $22.82 per share, with a total value of $45,640.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $182,560. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Reitz sold 1,800 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $37.47, for a total value of $67,446.00. Following the transaction, the chief accounting officer now directly owns 36,210 shares in the company, valued at approximately $1,356,788.70. The disclosure for this sale can be found here. Insiders have sold a total of 43,693 shares of company stock valued at $1,582,090 in the last three months. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent 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.