KBC Group NV reduced its position in shares of American Homes 4 Rent (NYSE:AMH – Free 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.
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:AMH – Get 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
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.
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