Vanguard Personalized Indexing Management LLC Grows Holdings in American Homes 4 Rent (NYSE:AMH)

Vanguard Personalized Indexing Management LLC raised its position in American Homes 4 Rent (NYSE:AMH) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,895 shares of the real estate investment trust’s stock after buying an additional 2,220 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Homes 4 Rent were worth $392,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Cookson Peirce & Co. Inc. purchased a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $510,000. Scissortail Wealth Management LLC purchased a new stake in shares of American Homes 4 Rent during the 4th quarter valued at $801,000. Bank of Nova Scotia raised its stake in shares of American Homes 4 Rent by 18.1% during the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 1,183 shares during the period. Manning & Napier Group LLC boosted its holdings in shares of American Homes 4 Rent by 59.2% in the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock worth $6,198,000 after buying an additional 64,131 shares during the last quarter. Finally, Westpac Banking Corp grew its position in American Homes 4 Rent by 1.7% during the fourth quarter. Westpac Banking Corp now owns 123,110 shares of the real estate investment trust’s stock valued at $4,427,000 after buying an additional 2,050 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMH. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Mizuho raised their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Scotiabank boosted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They set a “buy” rating and a $40.00 price target for the company. Finally, Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.71.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $36.13 on Friday. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $13.24 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 3.05 and a beta of 0.70. The firm’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $35.80.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts expect that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, June 14th. American Homes 4 Rent’s payout ratio is 106.12%.

Insider Activity

In related news, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 14,476 shares of company stock worth $331,919 and have sold 60,263 shares worth $2,212,078. Corporate insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated 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. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.