American Homes 4 Rent (NYSE:AMH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,958,336 shares of the real estate investment trust’s stock after buying an additional 248,729 shares during the quarter. Bank of New York Mellon Corp owned about 0.80% of American Homes 4 Rent worth $110,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning raised its position in shares of American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 330 shares during the period. US Bancorp DE raised its position in shares of American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 478 shares during the period. Stephens Inc. AR raised its position in shares of American Homes 4 Rent by 9.1% during the 3rd quarter. Stephens Inc. AR now owns 14,901 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 1,245 shares during the period. Farther Finance Advisors LLC increased its position in American Homes 4 Rent by 93.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 1,126 shares during the period. Finally, Van ECK Associates Corp increased its position in American Homes 4 Rent by 12.2% in the 3rd quarter. Van ECK Associates Corp now owns 143,072 shares of the real estate investment trust’s stock valued at $5,587,000 after acquiring an additional 15,609 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH opened at $37.04 on Friday. The firm has a market cap of $13.69 billion, a PE ratio of 34.29, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $35.64 and a 200-day simple moving average of $37.27. American Homes 4 Rent has a fifty-two week low of $34.01 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Insider Transactions at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the 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 sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Royal Bank of Canada lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, JMP Securities restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.