American Homes 4 Rent (NYSE:AMH) Shares Bought by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,772 shares of the real estate investment trust’s stock after acquiring an additional 2,002 shares during the period. American Homes 4 Rent accounts for about 0.6% of Coyle Financial Counsel LLC’s holdings, making the stock its 26th biggest position. Coyle Financial Counsel LLC’s holdings in American Homes 4 Rent were worth $1,862,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $53,000. UMB Bank n.a. raised its holdings in American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 607 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in American Homes 4 Rent by 3,136.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,474 shares during the last quarter. Finally, Quarry LP acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $66,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Down 1.0 %

Shares of NYSE AMH opened at $34.79 on Tuesday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The company has a market cap of $12.85 billion, a P/E ratio of 32.21, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $35.67 and a 200 day moving average price of $37.34.

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 for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. Research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.30 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 96.30%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMH. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Barclays dropped their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Royal Bank of Canada dropped their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday. Finally, JMP Securities restated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.47.

American Homes 4 Rent 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.