Gilman Hill Asset Management LLC Has $612,000 Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Gilman Hill Asset Management LLC trimmed its position in American Homes 4 Rent (NYSE:AMH) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,346 shares of the real estate investment trust’s stock after selling 1,160 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in American Homes 4 Rent were worth $612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $25,000. UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares in the last quarter. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth $53,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMH. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Mizuho raised their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Barclays started coverage on American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.40.

American Homes 4 Rent Price Performance

Shares of AMH opened at $35.19 on Monday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. The business has a 50-day moving average of $37.04 and a 200-day moving average of $37.63.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same quarter last year, the business earned $0.41 earnings per share. American Homes 4 Rent’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.96%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Insider Buying and Selling

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the purchase, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This trade represents 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 insiders.

About American Homes 4 Rent

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.