American Homes 4 Rent (NYSE:AMH) Holdings Raised by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. boosted its stake in American Homes 4 Rent (NYSE:AMH) by 3.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,676 shares of the real estate investment trust’s stock after acquiring an additional 391 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in American Homes 4 Rent were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMH. VisionPoint Advisory Group LLC bought a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 873 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at $33,000. Tobam raised its holdings in American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 921 shares during the period. Finally, Castleview Partners LLC raised its holdings in American Homes 4 Rent by 2,540.0% in the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,143 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,263 shares of company stock worth $2,212,078. 6.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMH has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $41.00 in a report on Tuesday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Mizuho raised their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, Raymond James lifted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

American Homes 4 Rent Stock Down 0.0 %

Shares of NYSE AMH opened at $34.66 on Thursday. The stock has a market cap of $12.69 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.69 and a beta of 0.70. The firm has a 50 day moving average price of $35.83 and a 200 day moving average price of $35.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.00%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is currently 104.00%.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.