Amalgamated Bank Purchases 665 Shares of American Homes 4 Rent (NYSE:AMH)

Amalgamated Bank raised its position in American Homes 4 Rent (NYSE:AMH) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,928 shares of the real estate investment trust’s stock after purchasing an additional 665 shares during the quarter. Amalgamated Bank’s holdings in American Homes 4 Rent were worth $5,685,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMH. Bank of New York Mellon Corp raised its holdings in shares of American Homes 4 Rent by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after buying an additional 248,729 shares during the period. Coyle Financial Counsel LLC grew its position in American Homes 4 Rent by 4.2% in the 4th quarter. Coyle Financial Counsel LLC now owns 49,772 shares of the real estate investment trust’s stock valued at $1,862,000 after acquiring an additional 2,002 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in American Homes 4 Rent by 52.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,900 shares of the real estate investment trust’s stock worth $2,915,000 after purchasing an additional 26,900 shares during the period. TCW Group Inc. lifted its position in shares of American Homes 4 Rent by 7.2% during the fourth quarter. TCW Group Inc. now owns 26,863 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 1,809 shares during the last quarter. Finally, ING Groep NV bought a new position in shares of American Homes 4 Rent in the fourth quarter worth about $2,245,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 4.8 %

Shares of AMH stock opened at $36.46 on Friday. The stock’s fifty day moving average price is $35.63 and its 200 day moving average price is $37.29. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s payout ratio is presently 111.11%.

Insider Activity

In other news, Director Douglas N. Benham purchased 3,286 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, the director now owns 41,946 shares in the company, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of 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. Corporate insiders own 6.32% of the company’s stock.

Wall Street Analyst Weigh In

AMH has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday. Keefe, Bruyette & Woods dropped their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Company Profile

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.