Metis Global Partners LLC Acquires 1,657 Shares of American Homes 4 Rent (NYSE:AMH)

Metis Global Partners LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,454 shares of the real estate investment trust’s stock after acquiring an additional 1,657 shares during the period. Metis Global Partners LLC’s holdings in American Homes 4 Rent were worth $915,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in shares of American Homes 4 Rent by 48.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 29,438 shares of the real estate investment trust’s stock worth $992,000 after buying an additional 9,612 shares in the last quarter. Xponance Inc. grew its holdings in American Homes 4 Rent by 6.1% during the 3rd quarter. Xponance Inc. now owns 12,485 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 716 shares in the last quarter. Park Avenue Securities LLC bought a new stake in American Homes 4 Rent in the 3rd quarter valued at $297,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of American Homes 4 Rent by 3.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,647 shares of the real estate investment trust’s stock worth $2,650,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Ninepoint Partners LP bought a new position in shares of American Homes 4 Rent during the 3rd quarter valued at approximately $111,000. 91.87% of the stock is owned by institutional investors.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the firm’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 sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now directly owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was 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 of the company’s stock, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. In the last three months, insiders purchased 14,476 shares of company stock worth $331,919 and sold 60,263 shares worth $2,212,078. 6.05% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on AMH. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research note on Monday, February 26th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft began coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 price target on the stock. Raymond James lifted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Stock Up 0.6 %

AMH stock opened at $36.39 on Friday. The firm’s fifty day moving average is $36.11 and its 200 day moving average is $35.55. The firm has a market cap of $13.32 billion, a PE ratio of 37.13, a P/E/G ratio of 2.75 and a beta of 0.70. American Homes 4 Rent has a one year low of $31.36 and a one year high of $37.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The business had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. On average, research analysts forecast that American Homes 4 Rent will post 1.73 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.26 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.86%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

American Homes 4 Rent Company Profile

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.