American Homes 4 Rent (NYSE:AMH) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 57.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,159 shares of the real estate investment trust’s stock after selling 216,660 shares during the period. KBC Group NV’s holdings in American Homes 4 Rent were worth $6,068,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMH. Blue Trust Inc. lifted its stake in shares of American Homes 4 Rent by 54.0% in the fourth quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust’s stock valued at $311,000 after purchasing an additional 2,844 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of American Homes 4 Rent by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust’s stock valued at $855,000 after buying an additional 932 shares during the period. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the last quarter. Merit Financial Group LLC acquired a new stake in American Homes 4 Rent in the 4th quarter worth about $206,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth approximately $323,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays lowered 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 report on Friday, January 24th. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Mizuho boosted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

Check Out Our Latest Analysis on AMH

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $34.54 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.93 and a beta of 0.78. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company’s 50-day simple moving average is $36.56 and its 200-day simple moving average is $37.49.

American Homes 4 Rent (NYSE:AMHGet Free Report) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the previous year, the business posted $0.41 EPS. American Homes 4 Rent’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.01%. American Homes 4 Rent’s payout ratio is currently 108.33%.

Insider Activity

In related news, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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