Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.92 Million Position in American Homes 4 Rent (NYSE:AMH)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in American Homes 4 Rent (NYSE:AMH) by 52.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 77,900 shares of the real estate investment trust’s stock after purchasing an additional 26,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Homes 4 Rent were worth $2,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent in the third quarter valued at approximately $53,000. Loomis Sayles & Co. L P boosted its stake in American Homes 4 Rent by 3,136.2% in the third 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 bought a new position in American Homes 4 Rent in the third quarter valued at approximately $66,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMH. Royal Bank of Canada reduced their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods reduced their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Finally, Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction on 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 sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares in the company, 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. Company insiders own 6.05% of the company’s stock.

American Homes 4 Rent Trading Down 1.4 %

Shares of NYSE:AMH opened at $34.83 on Thursday. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. 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 company’s fifty day simple moving average is $35.62 and its 200 day simple moving average is $37.30. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. As a group, research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s payout ratio is presently 96.30%.

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.